Fed leaves interest rates unchanged but signals higher rates are ahead | CNN Business

• Decision day The Federal Reserve said Wednesday it is keeping its interest rate unchanged for the fourth-straight time but signaled that a rate hike is ahead. • New sheriff in town Trump appointee Kevin Warsh led his first policy meeting as Fed chairman and quickly made his mark, revealing in a news conference a list of changes he plans to make. • A shift toward hiking President Donald Trump appointed Warsh to cut interest rates and has joked that he would sue his Fed chairman if he does not lower borrowing costs. But many of Warsh’s colleagues signaled in their economic outlook today that they anticipate hiking rates at some point this year. Our live coverage of Kevin Warsh’s historic first policy meeting as Federal Reserve chairman has ended. Read here for more analysis on his plans for the US central bank. In testimony to Congress and at his swearing-in ceremony, Federal Reserve Chairman Kevin Warsh promised “regime change.” On Wednesday, after leading his first policy meeting, he made it clear he is serious: The Federal Reserve doesn’t set mortgage rates, but its policies help determine the cost of borrowing throughout the economy. That means decisions made by