Paul Gigot and TrendMacro's Don Luskin discuss Federal Reserve Chairman Kevin Warsh's first meeting. Warsh held interest rates steady and emphasized a commitment to price stability.

The Federal Reserve held interest rates steady on Wednesday for the fourth time this year as it began a fresh era with new chair Kevin Warsh taking the helm for his first meeting. In doing so, the Fed maintained its benchmark interest rate—which dictates borrowing costs and larger economic activity—in the realm of 3.

WisdomTree chief economist Jeremy Siegel assesses the current market landscape, including the Federal Reserve’s approach to inflation and interest rates, on ‘Barron’s Roundtable.’

During his first press conference as Fed chair Wednesday, Kevin Warsh repeated one refrain in his answers to many reporters’ questions: A task force is looking into it.

The Federal Reserve left interest rates unchanged at its June meeting, the first chaired by Fed Chair Kevin Warsh.

In one reading, the productivity payoff is coming soon and big, enough that the Fed should largely sit still and let it arrive. The economy’s capacity to supply goods and deliver services will catch up with the demand,

With that in mind, the latest FOMC meeting and press conference — the first under new Fed Chair Kevin Warsh — came as a pleasant surprise. The Fed held its target for the federal funds rate at 3.5% to 3.

Before Kevin Warsh stepped up to the podium Wednesday afternoon, no one really knew which Warsh would show up: the hawk or the “sock puppet.” There was the young, spry, and hawkish Warsh of 2011, a Fed governor who,