Fed keeps rates steady as Warsh assumes chair, rejecting Trump's cut demandExecutive summary: The Fed announced that it will keep the federal funds rate unchanged, marking new Chair Kevin Warsh's first policy decision as chair. The decision reflects inflation pressures and rebuffs Trump's call for a rate cut, highlighting policy independence. Kevin Warsh, Donald Trump, the Federal Reserve Future meetings will be watched for any shift toward easing or tightening as inflation data evolves.The Federal Reserve released its latest interest-rate decision, confirming that the benchmark federal funds rate remains unchanged. Chairman Kevin Warsh, newly appointed by President Donald Trump, oversaw the decision while market expectations of a cut were unmet, leaving Trump's pressure unfulfilled. The move signals continuity of monetary policy amid inflation concerns.Connected developmentsFed statement shift compared with April meetingTrump's unfulfilled rate-cut expectationsKevin Warsh inaugura un cambio de régimen en la Reserva FederalA la Fed, premier dilemme pour Kevin Warsh : baisser les taux pour contenter Donald Trump, ou les relever pour tenter de contenir l’inflationKevin Warsh se estrenará en la Fed sin recortes de tiposBond traders are begging new Fed chair Kevin Warsh for a rate hike — no matter the impact to your credit card billsOpen the full case file on Beyond →
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