{
  "id": 16955876,
  "title": "(2nd LD) Fed holds key interest rate steady; Warsh says inflation 'too high'",
  "url": "https://urgent.news/2026/10/28/2nd-ld-fed-holds-key-interest-rate-steady-warsh-says-inflation-too",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T20:29:06.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261029000352315"
  },
  "original_language": "en",
  "account": "The U.S. Federal Reserve maintained its benchmark interest rate steady at 3.75-4.00 percent range during a two-day Federal Open Market Committee (FOMC) meeting, despite ongoing concerns about persistent inflation. Federal Reserve Chair Kevin Warsh expressed concern that inflation remained too high, emphasizing the central bank's responsibility to bring price stability. The Fed's decision to keep the rate unchanged followed a quarter percentage point increase in interest rates last month, signaling possible further hikes in the coming months. Warsh stated that the Fed is continuing its policy of maintaining ample reserves in the banking system and will continue to monitor economic conditions to determine the appropriate policy stance.",
  "summary": "WASHINGTON, Oct. 28 (Yonhap) -- The U.S. Federal Reserve on Wednesday held its b...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Forbes",
        "title": "Fed Holds Interest Rates Despite High Inflation Data As Midterms Loom",
        "url": "https://urgent.news/2026/10/28/fed-holds-interest-rates-despite-high-inflation-data-as-midterms-loom",
        "published": "2026-10-28T18:11:34.000Z"
      },
      {
        "outlet": "Moneyweb",
        "title": "Fed holds rates",
        "url": "https://urgent.news/2026/10/28/fed-holds-rates",
        "published": "2026-10-28T18:33:31.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "US Fed holds interest rates steady despite surging inflation",
        "url": "https://urgent.news/2026/10/28/us-fed-holds-interest-rates-steady-despite-surging-inflation",
        "published": "2026-10-28T18:37:06.000Z"
      },
      {
        "outlet": "Bangkok Post Business",
        "title": "US Fed holds interest rates steady despite surging inflation",
        "url": "https://urgent.news/2026/10/28/us-fed-holds-interest-rates-steady-despite-surging-inflation-16964938",
        "published": "2026-10-28T18:45:00.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Fed leaves interest rates unchanged despite inflation in the US",
        "url": "https://urgent.news/2026/10/28/fed-leaves-interest-rates-unchanged-despite-inflation-in-the-us",
        "published": "2026-10-28T19:05:44.000Z"
      },
      {
        "outlet": "Business Insider",
        "title": "What smart people are saying after the Fed held rates steady",
        "url": "https://urgent.news/2026/10/28/what-smart-people-are-saying-after-the-fed-held-rates-steady",
        "published": "2026-10-28T19:49:45.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "S&P 500, Dow rise for third consecutive day after Fed holds steady on rates: Live updates",
        "url": "https://urgent.news/2026/10/28/s-p-500-dow-rise-for-third-consecutive-day-after-fed-holds-steady-on",
        "published": "2026-10-28T20:10:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}