Fed Holds Rates Steady Despite Lack of Progress on Inflation NYT > Top Stories By: Colby Smith 29 October 2026 at 00:27 Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy. © Athit Perawongmetha/ReutersKevin Warsh, the Fed chairman last week said that more had to be done to tame inflation.