US Stock Market: Trump backs Fed Chair Warsh after rate hold, softens tone on monetary policy

The US Federal Reserve kept benchmark interest rates unchanged, but updated projections showed nearly half of policymakers see another rate hike as possible later this year. President Trump adopted a conciliatory stance toward newly appointed Fed Chair Warsh, refraining from criticism and expressing confidence in his judgment on monetary policy. Warsh declined to signal the future rate path but confirmed regular coordination with Treasury Secretary Bessent.