July 9, 2026

Kevin Warsh debuts as Fed chair, holding interest rates steady

Kevin Warsh debuts as Fed chair, holding interest rates steady

Kevin Warsh held his first news conference since taking over as the Federal Reserve chair. With inflation at its highest level in three-plus years, Warsh and his colleagues held interest rates steady.

Kevin Warsh debuts as Fed chair, holding interest rates steady

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Could high inflation be the new normal?

Could high inflation be the new normal?

Inflation is at a three-year high. That’s a problem for the Fed. Yet, under the leadership of new chair Kevin Warsh, it opted not to hike interest rates. So, who are inflation’s winners and losers?