The Federal Reserve on Wednesday opted to keep interest rates steady, despite the installation of Kevin Warsh as Fed chairman, the Wall Street Journal reported. Trump had appointed Warsh to replace Powell, whom he repeatedly criticized for his hesitance to lower interest rates. Warsh was confirmed in May and previously opted to hold rates steady in the June Fed meeting. The agency had been expected to hold rates constant yet again. But Trump's preferred replacement has appeared no more willing to lower rates than his predecessor.