https://www.live-feeds.com/feed/fed-keeps-the-door-open-for-more-rate-hikes-as-schmid-warns-there-s-work-to-doContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/fed-keeps-the-door-open-for-more-rate-hikes-as-schmid-warns-there-s-work-to-dohttps://www.live-feeds.com/feed/fed-keeps-the-door-open-for-more-rate-hikes-as-schmid-warns-there-s-work-to-do#u77882Sun, 20 Sep 2026 22:15:54 +0000The Federal Reserve and the FOMC have increased interest rates to combat inflation. Fed Chair Kevin Warsh stated that inflation is still "too high," triggering a sell-off in U.S. markets. Fed official Schmid supported the hike, asserting that inflation extends beyond energy costs and that there is still "work to do." The central bank maintains the possibility of further rate increases to stabilize the economy. These moves directly impact credit card debt, car loans, savers, retirees, and home sellers, who may face financial losses.Why it mattersThe Federal Reserve adjusts i