[PERSON]
Robert Kaplan
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Warsh-led Fed policy shift and rate stability
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Latest: Global markets react to Middle East tensions and US inflation data
In July 2026, the Federal Open Market Committee (FOMC) voted 9–3 to maintain the federal-funds rate at 3.5%–3.75%. Governors Beth Hammack, Neel Kashkari, and Lorie Logan dissented, favoring a 0.25-percentage-point hike.