New Fed chair’s first major interest-rate decision doesn’t rock the boat — and Trump may not be happy about it

The first major decision at the Federal Reserve under new Chairman Kevin Warsh has come and gone, but little has changed.

On Wednesday, the Fed announced that the interest rate would hold at between 3.5% and 3.75%, despite calls from Dallas Fed President Lorie Logan and others for a “modest” increase.

‘We will deliver price stability.’

The decision was released at 2 p.m. ET, revealing that Warsh and eight other committee members had voted in favor of a fifth straight hold on rates, while three opposed.

Shortly after the announcement, Warsh spoke publicly.

“The economy is showing impressive resilience,” Warsh said. “Even with recent shocks, the trends are positive and reveal solid growth. Job gains have kept pace with the workforce, and the unemployment rate has changed little.”

Warsh also admitted