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Donald Trump finally got the Federal Reserve chair he wanted—but Kevin Warsh’s very first FOMC meeting delivered a surprise that stunned markets and fueled fresh debate. Despite repeated calls for lower borrowing costs, the Fed kept interest rates unchanged and signaled that higher rates could remain on the table. Did Warsh just pull off a Jerome Powell-style move in his debut?Watch the full breakdown of Trump’s reaction, Warsh’s first press conference, what the latest projections mean for inflation and the economy, and why investors across Wall Street are paying close attention.