Fed holds rates as Kevin Warsh closes in on confirmation

The Federal Reserve kept interest rates steady Wednesday as President Trump's new pick to lead the bank inched closer to confirmation. By a vote of 8 to 4, the Federal Open Market Committee (FOMC) decided to maintain its baseline interest rate range between 3.5 and 3.75 percent at the end of what will likely be Jerome Powell’s final meeting as Fed chair. Hours earlier, a Senate...