Analysis: Fed Chairman Warsh's credibility in question after leaving interest rates unchanged

The Fed held interest rates steady, but long-term Treasury yields jumped. Investors are questioning whether he will act forcefully enough on inflation.

The expected decision to leave the benchmark interest rate in the 3.50%-3.75% range drew dissents from three of the 12 members of the policy-setting Federal Open Market Committee.

Investors had a selloff Wednesday with the Dow closing down 1,000 points amid the Federal Reserve's decision to keep interest rates flat. CBS News' Richard Escobedo breaks it down.

The Associated Press explains the U.S. Federal Reserve's decision to leave interest rates unchanged.

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday (Jul 29), a choice that may intensify questions about how US central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target.The widely expected decision to leave the benchmark interest rate in th

Warsh’s Posture on Interest Rates Sparks Market Inflation Fears  WSJ

Markets should be ‘on alert for a hike in September, particularly with war clouds pushing up energy prices again,’ one economist says

Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war

Kevin Warsh’s Fed Holds Interest Rates Steady Again—But Dissent Among Officials Mounts  Forbes

The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged.

Uncertainty creeps into Fed's rate decision as Warsh keeps his cards hidden  Reuters

Inflation and affordability are top issues for the Federal Reserve’s rate-setting committee as it votes on whether to raise interest rates or keep them steady.

"After months of upside inflation surprises, patience is wearing thin," writes EY-Parthenon's Gregory Daco.

Memo to new Federal Reserve boss Kevin Warsh: Don’t believe the hype – we’re not coming out of a pandemic anymore. And hiking interest rates now would be a major mistake.