The Federal Reserve held interest rates steady on Wednesday for the fourth time this year as it began a fresh era with new chair Kevin Warsh taking the helm for his first meeting. In doing so, the Fed maintained its benchmark interest rate—which dictates borrowing costs and larger economic activity—in the realm of 3.

As was widely expected, the Federal Reserve unanimously voted to keep interest rates unchanged on Wednesday. CBS News coordinating producer Richard Escobedo has more details.

The new Federal Reserve chair rolls out five task forces that will focus on the central bank’s communications, inflation frameworks and more

FOX Business correspondent Edward Lawrence reports on Federal Reserve chairman Kevin Warsh’s first interest rate meeting on ‘Special Report.’

At his first press conference as Federal Reserve chairman, Kevin Warsh announced that the Federal Reserve will leave interest rates unchanged, maintaining

New task forces, new projections, rate increases on the horizon – it was an eventful first meeting for the central bank’s new head.

The Federal Reserve left interest rates as they are in Chairman Kevin Warsh's first meeting Wednesday. The committee cited the inflation rate.

The Federal Reserve on Wednesday held interest rates steady for the fourth consecutive meeting, as officials continue to assess the latest uptick in inflation tied to the war with Iran.