Kevin Warsh, Chair of the Federal Reserve, stated after the FOMC meeting, which voted 9 to 3 to hold the short-term interest rate at 3.50 to 3.75 percent for the fifth consecutive time, that the Fed will take necessary steps to achieve the 2 percent inflation target, even without signaling the direction of rates. Warsh said this decision is not a pause but a strict review of the economic situation, and confirmed that post-meeting press conferences will continue in 2026. He also revealed that one of five working groups has been established specifically to improve the Fed's communication format. On the vote, the three dissenting members were Beth Hammack, President of the Cleveland Fed, Neel Kashkari, President of the Minneapolis Fed, and Lorie Logan, President of the Dallas Fed, who voted to raise rates by 0.25 percent amid concerns that inflation has remained above the 2 percent target for more than five years.