Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee, as the Federal Reserve holds interest rates steady, at the Federal Reserve, in Washington, July 29, 2026. Here are the five biggest takeaways from this week's Fed actions:The "family fight" returns: Three voters on the Federal Open Market Committee voted against the hold, favoring instead a quarter-percentage point hike. They said it"No doubt, in some of your commentaries today, you'll talk about a divided Federal Reserve. "[T]he Warsh Fed seems to be turning a blind eye to the message the bond market's higher yields are sending about the inflation risks. Correction: This story has been revised to reflect that president of the Federal Reserve Bank of Minneapolis is Neel Kashkari.