Fed to hit pause on rate hikes, but maybe not for long
- On Wednesday, the Federal Reserve kept its benchmark interest rate unchanged at approximately 3.9%, offering limited guidance on future policy moves despite continued elevated inflation.
- Last month, Chairman Kevin Warsh led the central bank to raise rates to 3.9% for the first time in three years, moving against President Donald Trump's demands for rate cuts to steer inflation toward the 2% target.
- Two officials dissented from Wednesday's determination, as Fed governor Lisa Cook and Federal Reserve Bank of Cleveland President Beth Hammack cast votes advocating for a quarter-point rate increase.
- "Inflation remains elevated," the central bank stated, noting that pausing rate increases allows for "the accumulation of more information" to ensure a return to the 2% inflation goal.
- Aditya Bhave, head of U.S. economics at Bank of America, warned that "unless the Fed takes this problem more seriously and stops essentially making excuses about inflation, I think we're not going to get back to 2% until the next recession.
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265 Articles
The president of the US Federal Reserve (Fed), Kevin Warsh, announced this Wednesday that the central bank will reduce the number of meetings on interest rates from 2027 and said that inflation is "too high".
MONEY & BUSINESS: Federal Reserve likely to skip rate hike despite elevated inflation – One America News Network
By CHRISTOPHER RUGABERUpdated 9:34 AM PDT, October 28, 2026 U.S. Federal Reserve Chairman Kevin Warsh speaks during the annual meetings of the International Monetary Fund and the World Bank Group in Bangkok, Thailand, Friday, Oct. 16, 2026. (AP Photo/Dhitaraht Dhanarahtsombat) WASHINGTON (AP) The Fed is expected to stand pat on interest rates Wednesday even though inflation has accelerated in the past couple of months as the Iran war has caused …
The Federal Reserve System (FRF) will change the schedule of meetings next fall, and the President of the U.S. CEC, Kevin Warsh, stated during a press conference following a two-day meeting on Wednesday.
Fed Plans Strategy Meetings, Fewer Rate Decisions
Federal Reserve Chair Kevin Warsh said the Fed will convert one of its eight annual meetings next year into a strategy-focused discussion without an interest-rate decision, expanding to two such meetings in 2028. The shift is intended to give policymakers more time to consider longer-term economic issues, though it reduces opportunities to adjust rates between scheduled meetings. · 22 sources across the spectrum on IJR News.
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- 52% of the sources are Center
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