The Federal Reserve elected to leave interest rates unchanged. Several Fed members are signaling higher rates to combat inflation. The Federal Reserve played it safe Wednesday, holding interest rates steady in the first meeting under new chairman Kevin Warsh.

The Fed said economic activity is 'expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East.'

FOX Business White House correspondent Edward Lawrence reports on the Federal Reserve's decision to maintain current interest rates on 'Making Money.'

U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.

Rising inflation and new Federal Reserve chairman Kevin Warsh take the stage as the central bank decides on the path forward for interest rates.

President Donald Trump has said he expects new Chair Kevin Warsh to lower borrowing costs, but the rate-setting committee may have other ideas.

Nine of 19 officials who participate in Fed policy meetings penciled in at least one interest rate increase by year end, up from zero in March. It was Kevin Warsh's first as Fed chair.

Federal Reserve officials hinted more strongly at the potential for higher interest rates, sending stocks lower.