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kevin warsh ap file photo

US Federal Reserve policy meet: Kevin Warsh-led FOMC keeps interest rates unchanged; projects hike by year-end, raises inflation forecast

Kevin Warsh (AP file photo) US Federal Reserve chairman Kevin Warsh-led FOMC on Wednesday kept the key interest rate unchanged in the 3.5% to 3.75% range. This is Kevin Warsh’s first policy review after taking over from Jerome Powell as US Federal Reserve chair.“The Committee decided to maintain the target range for the federal funds...
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Here’s what changed in the new statement

Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Anna Moneymaker | Getty Images Wednesday’s Federal Reserve statement looked drastically different than those issued after previous meetings, offering one of the first...
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Fed interest rate decision June 2026: Fed holds rates steady

WASHINGTON – Kevin Warsh‘s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates, the removal of key language indicating a bias toward future cuts, and a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%....
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CarMax (KMX) Q1 earnings

A view of a CarMax dealership on April 10, 2025 in Santa Rosa, California. Justin Sullivan | Getty Images Shares of CarMax fell roughly 8% during midday trading Wednesday after the company beat Wall Street’s quarterly earnings expectations and its new CEO detailed a high-level turnaround strategy for the company. Here’s how the company performed...
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