# US Federal Reserve Chair, Kevin Warsh, says he is launching a reform agenda to reshape how the central bank conducts and communicates monetary policy. Fed governors have voted to hold interest rates steady for the fourth consecutive meeting, leaving their benchmark lending rate at a range of 3.5-percent to 3.75-percent. Warsh, who has replaced Jerome Powell, says they have the capability and commitment to deliver on their price stability objective of two-percent:
US Federal Reserve holds interest rates steady for the fourth consecutive time [SOUND]
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