Fed Leaves Interest Rates Unchanged

The Federal Reserve maintained its benchmark interest rate at 3.5 to 3.75 percent during the first meeting led by new chairman Kevin Warsh. The central bank released a policy statement significantly shorter than the previous one, removing all forward-guidance language. This decision represents the first major action under Warsh's leadership. The move includes the central bank's current assessment of the economy, as reported by NBC News and Breitbart regarding the interest rate stability.