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Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, June 17, 2026. Federal Reserve officials left interest rates unchanged and were split over whether they expect to raise rates this year. Photographer: Al Drago/Bloomberg

Fed holds rates for a fifth time despite stubborn inflation

Three Fed presidents dissented, saying they preferred to raise the country’s benchmark interest rate.

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