American central bank keeps interest rates unchanged despite high inflation

The Federal Reserve maintains interest rates but Chairman Kevin Warsh hints at potential increases due to high inflation. Last month, the rate was raised for the first time in over three years to combat inflation, which remains around 4% due to high oil prices. This decision comes just before the midterm elections, where Republicans aim to retain control of Congress. Former President Trump criticized the Fed's actions, claiming they are politically motivated and detrimental to his performance. Trump previously clashed with former Fed Chair Jerome Powell and appointed Warsh, hoping for lower rates. Warsh insists politics did not influence the recent decision.