Politics · Published October 28, 2026 at 8:20 PM CDT · Updated October 29, 2026 at 12:35 PM CDT
Federal Reserve Holds Interest Rates Steady Before Midterms
What's new
New reporting adds details on inflation data (the PCE index) released after the Fed's decision, and notes that two Fed officials dissented from the vote.
This story is developing. The page was updated October 29, 2026 at 12:35 PM CDT as new reports came in.
What everyone agrees on
- The Federal Reserve left interest rates unchanged.
- This was the Fed's last meeting before the midterm elections.
- Inflation remains elevated.
- Kevin Warsh is the Fed's chair.
- Warsh said politics played no role in the decision.
Each fact above was reported by outlets on the left, center and right.
How each side framed it
Left-leaning outlets · 11
Left-leaning outlets emphasized that inflation remains high or is rising, citing new price index data, and questioned whether the Fed's decision was the right call.
Center-leaning outlets · 7
Center-leaning outlets focused on the inflation data behind the decision and on Warsh's statement that politics did not influence the Fed's choice.
Right-leaning outlets · 9
Right-leaning outlets highlighted the timing of the decision ahead of the midterm elections, dissents among Fed officials, and investor expectations for future rate hikes.
Still disputed
- Only right-leaning outlets reported that two Fed officials dissented from the decision.
- Left- and center-leaning outlets reported new Personal Consumption Expenditures inflation data showing prices rose, while right-leaning outlets did not mention this data.
Read the original reporting
- Left ABC News Federal Reserve holds interest rates steady as midterm elections loom Free to read
- Left AP News Federal Reserve keeps rates unchanged despite elevated inflation Free to read
- Left CBS News Fed holds interest rates steady even as inflation remains high Free to read
- Left CNBC Here are five key takeaways from the Fed rate decision and Warsh news conference Free to read
- Left CNN Did the Fed just make a huge mistake? A few free articles a month
- Left HuffPost Federal Reserve Keeps Rates Unchanged Despite Elevated Inflation Free to read
- Left NBC News Federal Reserve leaves interest rates unchanged despite rising inflation Free to read
- Left NPR Fed holds interest rates steady even as inflation remains stubborn Free to read
- Left PBS NewsHour WATCH: Warsh holds briefing after Fed leaves key interest rate unchanged Free to read
- Left The Guardian (US) Fed holds interest rates steady in last decision before midterms Free to read
- Left The New York Times Inflation Accelerated in October, PCE Index Shows A few free articles a month
- Center BBC News Healey unveils £100 for energy bills and bank tax in first Budget Free to read
- Center Bloomberg Gold Edges Lower After Fed Holds Rates With Limited Guidance Paywall
- Center Reuters Warsh says politics played no role in Fed's rate decision by group he is 'honored' to lead A few free articles a month
- Center Straight Arrow News Fed holds interest rates steady despite rising inflation — for now Free to read
- Center The Hill Federal Reserve’s preferred measure of inflation rose slightly in September Free to read
- Center The Wall Street Journal How Weil Gotshal, One of Wall Street’s Most Storied Law Firms, Ended Up in Chaos Paywall
- Center UPI Federal Reserve keeps interest rates unchanged Free to read
- Right Breitbart Fed Holds Rates Steady Amid Strong Expansion and Elevated Inflation Free to read
- Right Fox Business Federal Reserve makes interest rate decision ahead of midterms Free to read
- Right Just the News Fed holds rates steady in last meeting before midterms Free to read
- Right New York Post Fed holds interest rates steady – but investors bet on December rate hike Free to read
- Right Newsmax Report: Trump Administration Eases Kratom Opioid Ban Free to read
- Right The Daily Caller Fed Holds Interest Rates Steady At Final Meeting Before Election Free to read
- Right The Daily Wire Federal Reserve Drops Final Interest Rate Decision Before Midterms Free to read
- Right The Epoch Times LIVE NOW: Federal Reserve Chair Hosts Press Conference A few free articles a month
- Right Washington Examiner Fed holds interest rates steady before elections, with two dissents Free to read
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This page was written by AI from each outlet's headline and short description, following our published rules. Always check the original reporting.