Fed Policymakers Debate Inflation Measurement Amid High Price Concerns

The Federal Reserve's policymaking committee held its July 2026 meeting, concluding with a contentious 9-3 vote to hold interest rates steady.

Fed Chair Kevin Warsh emphasized that inflation still must fall without tipping his hand on where rates would go in the future.

Warsh declared there's 'no soft inflation target' and reaffirmed the Fed's commitment to its annualized 2% target, but the way it measures inflation is under review.