Federal Reserve holds interest rates steady as Trump’s new chairman faces fresh inflation woes

Live updates

1. 1d ago

   Fed Holds Rates Steady in First Meeting Under Chairman Kevin Warsh

   The Federal Reserve maintained its benchmark interest rate range at 3.5% to 3.75% during the June meeting. Chairman Kevin Warsh signaled that persistent inflation remains the top concern for policymakers. This decision comes despite repeated calls from President Donald Trump for lower rates.

   What's confirmed:

   • The Federal Reserve kept interest rates in the range of 3.5% to 3.75%.
   • Kevin Warsh is the new chairman of the Federal Reserve.
   • President Donald Trump has called for lower interest rates.
   • Chairman Warsh stated his determination to return inflation to a 2 per cent target.
   • The June meeting was the first FOMC meeting led by Kevin Warsh.

   Still unconfirmed:

   • Bank of America predicts three Federal Reserve rate hikes and inflation through 2028.
   confidence 95%
2. 10d ago

   Fed Holds Rates Steady at 3.5% to 3.75% Under Chairman Kevin Warsh

   The Federal Reserve maintained interest rates at 3.5% to 3.75% for the fourth straight meeting. This was the first policy decision under new Chairman Kevin Warsh. The central bank raised its year-end inflation expectations and expects a rate hike by the end of 2026.

   What's confirmed:

   • The Federal Reserve kept interest rates in a range of 3.5% to 3.75%.
   • This was the fourth consecutive meeting where the Fed held rates steady.
   • The decision was the first under new Chairman Kevin Warsh.
   • The Fed raised its inflation expectations for the end of the year.
   • The central bank projects a rate hike by the end of 2026.
   • President Donald Trump described the decision to maintain steady rates as unusual and hard to believe.

   Still unconfirmed:

   • Interest rates could increase by the end of the summer.
   • Lower borrowing costs could be possible by the end of the year.
   • Donald Trump trusts the new central bank chief.
   confidence 95%
3. 12d ago

   Federal Reserve maintains rates under Chair Warsh amid inflation spike

   The Federal Reserve kept interest rates steady under new Chairman Kevin Warsh. Projections suggest a quarter percentage point increase by the end of 2026. This decision follows a three-year high in inflation.

   What's confirmed:

   • The Federal Reserve kept interest rates unchanged.
   • Kevin Warsh is the new chair of the Federal Reserve.

   Still unconfirmed:

   • Inflation has reached a three-year high.
   • The Fed anticipates rates will rise a quarter of a percentage point by the end of 2026.
   • Futures markets overwhelmingly expected the Fed to keep rates unchanged.
   confidence 80%
4. 15d ago

   Fed Maintains Interest Rates Amid Inflation Concerns

   The Federal Reserve kept interest rates at a target range of 4.25% to 4.5%. Chairman Kevin Warsh signaled potential future rate hikes despite pressure from Donald Trump. Officials are waiting to see how tariffs affect the economy.

   What's confirmed:

   • The Federal Reserve kept interest rates steady.
   • The target range for interest rates is 4.25% to 4.5%.
   • The Fed hinted at future rate hikes.

   Still unconfirmed:

   • Policymakers see higher inflation and lower economic growth.
   • The Fed is awaiting the effects of tariffs.
   confidence 90%
5. 15d ago

   Fed Maintains Rates as New Chair Warsh Faces Inflation Surge

   The Federal Reserve kept interest rates unchanged during Chairman Kevin Warsh's first policy meeting. Officials signaled a potential shift toward rate hikes due to rising inflation. President Trump stated he would let Warsh "do what he wants to do."

   What's confirmed:

   • The Federal Reserve held interest rates steady in June.
   • Kevin Warsh led his first monetary policy meeting as Fed Chair.
   • President Trump indicated he would allow Warsh to "do what he wants to do."
   • Fed officials signaled they might need to raise interest rates instead of cutting them.

   Still unconfirmed:

   • Inflation has risen to 4.2%.
   • The Iran war is causing elevated inflation.
   • Energy-driven inflation is squeezing consumer wallets.
   confidence 90%
6. 16d ago

   Fed holds rates steady under Warsh as inflation pressures mount

   The Federal Reserve kept interest rates unchanged for the fourth time this year, defying calls from President Trump for a cut. New Chairman Kevin Warsh’s first meeting saw a divided board, with nearly half of policymakers signaling support for potential rate hikes. Inflation remains elevated, and the Fed’s forward guidance has been dropped. Markets now weigh the likelihood of higher rates later in 2026.

   What's confirmed:

   • The Federal Reserve held interest rates steady at today’s meeting, marking the fourth consecutive pause in 2026.
   • New Chairman Kevin Warsh led the decision, continuing the current rate level set since December 2025.
   • Fed officials project inflation will stay elevated through the end of 2026, according to their latest forecasts.
   • The Fed’s forward guidance was dropped in today’s statement, removing explicit hints about future rate moves.
   • Nearly half of policymakers now support at least one rate hike this year, signaling a shift toward tighter policy.
   • The Open Market Committee noted that economic activity is expanding at a ‘solid pace’ despite inflation concerns.
   • President Trump has publicly pressured the Fed to cut rates, framing the decision as a disappointment.

   Still unconfirmed:

   • Trump’s tariffs may be influencing the Fed’s cautious approach, though no direct link has been confirmed.
   • Internal divisions on the Fed board could lead to a more aggressive hike later this year, per some projections.
   • Warsh’s task forces may play a key role in shaping future policy, though their immediate impact remains unclear.
   confidence 92%