Warsh Fed holds rates steady. Trump says 'It's all right. Whatever.' - Reuters

The Federal Reserve maintained its target interest rate between 3.5% and 3.75% during Chairman Kevin Warsh's first meeting. New projections indicate many officials expect rate hikes this year due to surging inflation. Warsh announced significant upcoming changes to monetary policy and launched a sweeping policy review. These developments may reshape market expectations, affecting borrowing costs and increasing uncertainty within crypto markets. Donald Trump responded to the decision by stating that it is all right.