How to read the Fed’s projections like a pro.
Related Stories
Chairman Warsh drastically alters Fed rate statement. Here's what's changed
Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Anna Moneymaker | Getty Images This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in April.
Fed holds rates steady, pares down statement to remove cutting bias
WASHINGTON – Kevin Warsh's first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates, the removal of key language indicating a bias toward future cuts, and a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. The federal funds rate has held there since the central bank lowered rates by three-quarters of a percentage point in the latter...
US Federal Reserve policy meet: Kevin Warsh-led FOMC keeps interest rates unchanged
US Federal Reserve chairman Kevin Warsh-led FOMC on Wednesday kept the key interest rate unchanged in the 3.5% to 3.75% range. This is Kevin Warsh’s first policy review after taking over from Jerome Powell as US Federal Reserve chair. "The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate.
Fed holds interest rates steady: Here's what that means for credit cards, savings rates, mortgages and car loans
The Federal Reserve held interest rates steady Wednesday, concluding the first meeting helmed by new Fed Chairman Kevin Warsh. The decision offered little relief for consumers struggling to keep up with higher gas prices and overall affordability challenges. Although Donald Trump's pick to lead the central bank had previously indicated he may be in favor of lower rates, inflation rose at its fastest pace in three years last month and the jump in energy costs could have longer-term...