The Federal Reserve on Wednesday held interest rates steady in Kevin Warsh’s second meeting as chairman – but the committee’s vote revealed growing dissent as three policymakers wanted to hike rates, instead. “I asked for a good family fight and I got one,” Warsh, who took over as chairman from Jerome Powell in May, said during a Wednesday press conference. Federal Reserve Chairman Kevin Warsh speaking at a press conference after a a Federal Reserve Board meeting on July 29, 2026. Logan, Hammock and Kashkari all recently warned that persistent inflation would lead to higher rates. Fed Governor Christopher Waller issued a similar warning, though he voted to hold rates steady Wednesday.