Fed holds rates as Warsh cites 'family fight'
The Federal Reserve kept interest rates steady after a two-day meeting, and chair Kevin Warsh said Wednesday that the 12-member committee had a robust debate on monetary policy.
“Most of our discussion were on the big questions that matter to the conduct of monetary policy. We didn't sort of hide from them. We weren't scared of them,” Warsh told a press conference.
“There was a lot more interaction between and among my colleagues. It was a real family fight,” he said.
The comments added to Warsh's remarks after he said the US economy was showing “impressive resilience.”
Update
The 12 members of the central bank committee decided to keep interest rates steady after a two-day meeting.
Kevin Warsh described a robust discussion among committee members at a press conference.
Source note: AFP news report published on 29 July 2026 at 18:51:52 UTC.
Update
Warsh said the discussion on rates was a “real family fight.”
Source note: AFP news report published on 29 July 2026 at 18:44:25 UTC.
Update
The Federal Reserve held interest rates steady despite some dissenting voices.
Warsh said job gains had kept pace with the workforce and the unemployment rate had changed little.
Warsh said inflation remained elevated relative to the Fed committee's two-percent goal.
Source note: AFP news report published on 29 July 2026 at 18:41:17 UTC.
Source
AFP news report published on .