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Fed holds interest rates steady in last decision before midterms

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Fed holds interest rates steady in last decision before midterms

The Guardian · Oct 28, 2026, 7:26 PM UTC

Fed chair Kevin Warsh said politics played no role in pause of interest rate hikes, despite inflation remaining above 3% The US Federal Reserve left interest rates unchanged on Wednesday during its last board meeting before the midterm elections, keeping rates at one of the highest pre-election levels seen in over 20 years.…