In his October 28, 2026 press conference, Chairman Warsh announced that the Federal Open Market Committee (FOMC) would maintain the federal funds rate between 3¾ and 4 percent, emphasizing the need for price stability amidst ongoing elevated inflation. Warsh highlighted strong economic growth, with GDP revisions showing significant increases and robust consumer spending. Despite a low unemployment rate and positive job gains, inflation has persistently remained above the target for nearly six years, prompting the Committee to evaluate its policy stance continuously. Warsh indicated that substantial data would inform future decisions and emphasized the importance of addressing price stability, especially considering rising energy costs. Adjustments to the FOMC's meeting schedule were announced to allow for strategic discussions on monetary policy. Warsh affirmed the commitment of Fed policymakers to achieving the 2 percent inflation target, recognizing the nuanced relationship between monetary policy and economic conditions, especially in light of advancements in technology and AI.