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● LIVE Updated 9h ago · 10 sources tracked

Opinion: Trump picked Kevin Warsh to cut rates. The new Fed chief just told us he has other plans.

New Federal Reserve Chair Kevin Warsh kept interest rates unchanged during his first meeting. This decision contradicts President Trump's desire for rate cuts. Markets are currently reacting to the news with mixed Treasury yields and a rising dollar.

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What changed

Kevin Warsh held interest rates steady despite previous calls for cuts and pressure from President Trump.

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  1. Kevin Warsh Maintains Interest Rates in First Fed Meeting

    New Federal Reserve Chair Kevin Warsh kept interest rates unchanged during his first meeting. This decision contradicts President Trump's desire for rate cuts. Markets are currently reacting to the news with mixed Treasury yields and a rising dollar.

    What's confirmed:

    • Kevin Warsh is the new chairman of the Federal Reserve.
    • The Federal Reserve kept interest rates unchanged during Kevin Warsh's first meeting.
    • Interest rates have remained at the same level since December.
    • President Trump wants the Federal Reserve to cut interest rates.

    Still unconfirmed:

    • Inflation is at a three-year high.
    • Hiring is currently strong.
    • The U.S. dollar rose to a one-year high due to prospects of higher interest rates.
    confidence 90%