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A2 DAILY STORY
Business 17 Jun 2026

Federal Reserve holds interest rates steady and hints at rate hike later this year

The Federal Reserve left its benchmark interest rates unchanged Wednesday, and signaled its next move could be a rate increase. It's the first rate decision under the new Fed chairman, Kevin Warsh.

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Kevin Warsh chaired his first meeting of the Federal Reserve's interest-rate setting committee this week. With inflation at a three-year high, the committee left its benchmark rate unchanged. Aaron Schwartz/AFP With inflation at its highest level in more than three. Years, the Federal Reserve held its benchmark interest rate steady Wednesday, and. Signaled its next move could be a rate increase. It was the first rate decision under the leadership of the new Fed chairman, Kevin Warsh. President Trump nominated Warsh to lead the central bank in hopes he. Would push for lower interest rates.

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