All eyes on Kevin Warsh: New Fed Chair keeps rate unchanged, hosts first news briefing

New Federal Reserve Chair Kevin Warsh held his first post-meeting briefing as the Fed kept its key rate at about 3.6% for the fourth straight meeting, signaling caution amid stubborn inflation. Policymakers remained divided, with nearly half suggesting a potential rate hike later this year, a stance that could challenge President Trump's preference for lower rates. The report notes inflation ran at about 4.2% in the wake of the Iran conflict, driven by higher gas costs and other prices. Warsh's appearance marks a milestone in his tenure, as markets await clues on policy timing and inflation trajectory.