Fed Holds Rates Steady, Warsh's Take on the Economy

Federal Open Market Committee (FOMC) press conference · July 29, 2026

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33:37

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33:37

Opening remarks and policy decision

Presentation

0:10 → 7:39(7m 29s)

Chairman Warsh opened the press conference, reported the committee voted 9–3 to maintain the federal funds target range at 3.50–3.75%, and framed the meeting around four big questions about inflation, shocks, supply effects and policy tools.

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Actions:maintain rate action

Federal Reserve Chair Warsh announced the FOMC voted 9–3 to keep the target federal funds rate at 3.50–3.75%, emphasizing the committee's commitment to a 2% inflation goal and noting stronger market-driven increases in nominal and real yields since the last meeting.

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