Federal Reserve policymakers remained divided over the direction of future interest rates during their latest meeting, according to minutes released on Wednesday.
The report said officials voted unanimously to keep the benchmark federal funds rate unchanged at a range of 3.5 percent to 3.75 percent, while expressing differing views on how inflation and economic conditions could evolve.
The committee also approved a shorter policy statement and indicated that future rate decisions would depend on incoming economic data.
According to the report, some policymakers believe interest rates could fall to or slightly below the current range by the end of the year, while others expect rates may need to remain higher if inflation persists.
Warsh also announced task forces to review the Federal Reserve's communications strategy and broader operating practices.
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Fed officials were split on direction of interest rates at last meeting, minutes show https://t.co/j5XhLWF0n1
— CNBC (@CNBC) July 8, 2026
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