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The Federal Reserve is setting U.S. interest rates. What will that look like?

NPR | By Scott Horsley

Published July 29, 2026 at 3:28 PM CDT

The Federal Reserve met to set U.S. interest rates, but this time, investors are unsure what to expect with Kevin Warsh, the new Federal Reserve Chairman, at the helm.

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All Things Considered

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.

See stories by Scott Horsley

Anthony Fauci invokes Fifth Amendment at tense Senate hearing

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Republicans threatened repercussions after Anthony Fauci repeatedly invoked the Fifth Amendment rather than answer questions during a contentious Senate hearing on Covid-19.
Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'

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Wisconsin election officials recently warned voters that betting on the midterms could disqualify their vote, or result in prosecution. That prompted legal threats from the prediction market Kalshi.
The White House pushes healthy eating. It cut a landmark nutrition education program

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Nutrition advocates and public health experts are mystified by the decision to eliminate the landmark nutrition education program SNAP-Ed.
The race is on for the next United Nations secretary general

Michele Kelemen

The United Nations Security Council will begin straw polls Thursday to whittle down the field of candidates for the next U.N. secretary-general. Seven candidates are running to replace António Guterres.
Colorado monsoons are a mixed blessing: Floods and wildfire relief

Sam Brasch

Multiple large wildfires continue burning in Colorado. Big, seasonal "monsoon" rains are helping, but it's been so dry for so long that they're having less impact than in previous years.