Fed holds key rate steady under new Chair Warsh; policymakers project rate increase this year (opens original article in a new tab)

The U.S. Federal Reserve held its benchmark interest rate steady in its first decision under new Chair Kevin Warsh, with at least half of policymakers expecting a rate increase this year.

• Fed held key rate steady under new Chair Kevin Warsh
• Policymakers project rate increase this year
• U.S. Federal Reserve made first rate decision since Warsh took office