Pause or prelude? Fed holds as inflation stays stubborn
A 10–2 vote days before the midterms, with Chair Kevin M. Warsh pointing to an “information-rich” run-up to December.
The Federal Reserve left the federal funds rate unchanged at 3.75–4.00% in a 10–2 vote days before the U.S. midterms, with Chair Kevin Warsh signaling a data‑dependent interlude to December while n...