US interest rates held steady as Fed chief says ‘no magic wand’ to tackle high prices0

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• July 30, 2026

The Federal Reserve acknowledged that inflation remained “elevated,” which it said was partly due to rising energy prices, but said U.S. economic activity was expanding at a “robust pace despite the uncertainty caused by the conflict in the Middle East.” Warsh said he had wanted and succeeded in having a “family feud” with his policy