🇺🇸 JUST IN: Fed Chair Kevin Warsh says inflation has been above the 2% target for nearly SIX years. Warsh said "inflation is too high," as the Fed held rates at 3.75% to 4%. "It's our responsibility to get inflation down," the Fed Chair said. He also announced changes to the Fed's meeting schedule, among other key points from his press conference: 1. One meeting in 2027 will have no rate vote, and only 6 of 8 are expected to set policy in 2028 2. No hint on December, as Warsh doesn't believe in forward guidance absent a crisis 3. Rates are having an effect on tech, including AI 4. Most Fed officials don't think the economy is running too hot 5. Politics played no role in the decision, six days before the midterms