The Aporia
NBC News. (2026, October 28). Fed Chair Warsh holds press conference on interest rate decision. NBC News. https://www.nbcnews.com/video/watch-live-fed-chair-warsh-holds-press-conference-on-interest-rate-decision-272396357550
NBC News. “Fed Chair Warsh holds press conference on interest rate decision.” NBC News, 28 Oct. 2026, https://www.nbcnews.com/video/watch-live-fed-chair-warsh-holds-press-conference-on-interest-rate-decision-272396357550.
NBC News. “Fed Chair Warsh holds press conference on interest rate decision.” NBC News, October 28, 2026. https://www.nbcnews.com/video/watch-live-fed-chair-warsh-holds-press-conference-on-interest-rate-decision-272396357550.
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On October 28, 2026, the Federal Reserve decided to keep interest rates unchanged at a range of 3.75%-4.00%, despite persistently high inflation driven by the war in Iran and rising energy prices. In a 10-2 vote, Fed Chair Kevin Warsh indicated that additional rate hikes may still be necessary but will require more data to confirm. The move comes days before the midterm elections, where economic issues like cost of living have been major concerns for voters. President Donald Trump had criticized previous rate increases and again urged lower interest rates earlier this month.