Fed Chairman Warsh Holds Rates Steady in First Policy Meeting

Kevin Warsh chaired his first Federal Reserve meeting Wednesday, with the central bank maintaining its current interest rate policy. No surprise deviations were reported, suggesting continuity with prior Fed guidance and a measured approach from the new chairman. USD pairs including EUR/USD, GBP/USD, and USD/JPY are directly affected. A steady Fed with a new chair introduces uncertainty about future policy shifts, keeping dollar volatility elevated as traders reassess Warsh's longer-term rate trajectory.