The Fed Is Expected to Hold Rates Steady. Warsh Will Have to Explain Why. NYT - Top Stories By: Colby Smith 27 October 2026 at 09:03 Inflation is moving in the wrong direction and the labor market remains stable, a combination that bolsters the case for higher interest rates. © Athit Perawongmetha/ReutersKevin M. Warsh, chairman of the Federal Reserve, said that the central bank had more work to do to tame inflation, but that there was no urgency to raise rates at consecutive meetings.
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