The Federal Reserve held interest rates steady at its latest meeting, but signaled a potential shift in policy, suggesting future rate increases rather than cuts. This marks a significant change in outlook, particularly notable during Kevin Warsh’s debut as chairman. The shift is driven by persistent concerns about inflation and a reassessment of economic data. Officials indicated they need greater confidence that inflation is sustainably moving toward their 2% target before considering rate reductions. The decision reflects a more cautious approach amid recent economic indicators. This signals a potential tightening of monetary policy, contrasting with earlier expectations of easing. The Fed will continue to monitor economic data to inform future decisions.