The US Federal Reserve holds its interest rates steady at its meeting led by Kevin Warsh, according to reports. Multiple outlets say the decision reflects growing attention to inflation risks even as the labour market shows signs of strengthening. Policymakers are described as debating the appropriate timing for potential future action: some officials favour keeping rates unchanged for the year, while others anticipate one or more rate increases to contain price pressures. The New York Times reports officials are split between those expecting no cuts and those looking for possible hikes, based on a new set of projections. Other coverage characterises the mood as cautious, with stronger employment increasing concern about inflation persistence. Several sources also frame the decision as part of the Fed’s broader uncertainty environment, with attention to external developments alongside domestic economic indicators. Overall, the reporting indicates the Fed’s stance remains restrictive-for-now, with the outlook influenced by inflation data and projections of future policy paths, rather than a shift toward immediate rate cuts.