Warsh Leaves Door Open to More Rate Hikes Before 2026 Ends

At his first FOMC meeting, Fed Chair Kevin Warsh held the federal funds rate steady at 3.5%–3.75%, as expected. The signal: he didn't rule out further increases before year-end 2026. By keeping that option alive, Warsh said the Fed's tightening cycle isn't finished. For borrowers and savers, short-term rates may still have room to rise.