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Fed holds rates steady amid split on whether to raise

Three officials favored an increase, highlighting ongoing disagreement inside the Fed about the policy path.

Reported · Written up by our desk · Central Banks

The Federal Reserve kept its policy rates steady at its latest meeting, but internal divisions over next steps remained a focal point, according to reporting from The New York Times.

The outlet said the meeting was also notable for being Kevin M. Warsh’s second as chairman, with the policy outlook shaped by differing views among officials.

While the decision maintained current rates, The New York Times reported that three officials backed raising rates, underscoring uncertainty about how the Fed will adjust policy going forward.

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