Federal Reserve Resumes Rate Hikes, Elevating Benchmark to 3.75%-4% Under New Chair Kevin Warsh

WASHINGTON — In a unanimous decision that marks a definitive pivot in U.S. monetary policy, the Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday, lifting the federal funds target range to 3.75%–4%. The move signals a renewed aggressive stance against persistent inflation and represents the first rate…

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The Federal Reserve’s "Fresh Look": Chair Kevin Warsh Launches Five High-Level Task Forces to Reshape U.S. Monetary Policy

By PYMNTS July 9, 2026 In a sweeping move to modernize the architecture of United States monetary policy, Federal Reserve Chairman Kevin Warsh announced on Thursday, July 9, 2026, the formation of five independent task forces. These groups are charged with conducting a rigorous, top-to-bottom examination of the Federal Reserve’s analytical tools, communication strategies, and…

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