# Watch live: Warsh speaks after Fed votes to keep interest rates steady

- URL: https://talkfuse.com/story/watch-live-warsh-speaks-after-fed-votes-to-keep-interest-rates-steady/
- Published: 2026-10-28T18:11:32+00:00
- Updated: 2026-11-04T00:43:33+00:00
- Original publisher: The Hill (publisher lean: Centre)
- Original article: https://thehill.com/video-clips/6178674-watch-live-kevin-warsh-federal-reserve-rate-decision-midterms/
- Topics: Americas, Art, Business, Culture, Economy, Elections, Politics, World

## Key points

- The Fed held its interest rate at 3.75% to 4%.
- Two of the 12 voting policymakers wanted a quarter-point rise.
- Warsh said politics played no role ahead of the midterms.

## Summary

The US Federal Reserve held its benchmark interest rate at 3.75% to 4% on 28 October 2026, leaving it unchanged after a quarter-point rise in September. The decision passed by 10 votes to two. Governors Lisa Cook and Beth Hammack wanted another quarter-point increase. The Fed said economic activity was expanding strongly, spending had remained resilient and unemployment had changed little, while inflation was still above its 2% goal. Chair Kevin Warsh spoke to reporters after the decision.

The announcement came days before the US midterm elections, putting questions about political influence in focus. Warsh said politics played no role in the decision. The split vote showed that some policymakers remained concerned enough about inflation to favour raising borrowing costs immediately, while the majority chose to wait for more information before deciding the next move. The Fed’s final scheduled policy meeting of 2026 is in December.

## Coverage

- [The Hill: Watch live: Warsh speaks after Fed votes to keep interest rates steady](https://thehill.com/video-clips/6178674-watch-live-kevin-warsh-federal-reserve-rate-decision-midterms/)
- [Federal Reserve: Federal Reserve issues FOMC statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20261028a.htm)
- [Federal Reserve: October 27–28, 2026 FOMC Meeting](https://www.federalreserve.gov/monetarypolicy/fomcpresconf20261028.htm)
- [Yahoo Finance: Fed holds rates steady despite dissents](https://finance.yahoo.com/economy/policy/articles/fed-holds-rates-steady-despite-195015532.html)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.