Chair of the Federal Reserve Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on July 29, 2026. The US Federal Reserve on Wednesday held interest rates in the world's largest economy steady, with three of 12 policymakers dissenting from the majority decision and calling for a quarter percentage point rate hike. The Fed held rates at 3.50-3.75 percent for the fifth straight meeting, with language describing inflation, unemployment and economic activity unchanged from its last rate decision. It described inflation as "elevated." (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

Chair of the Federal Reserve Kevin Warsh arrives for a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on July 29, 2026. The US Federal Reserve on Wednesday held interest rates in the world's largest economy steady, with three of 12 policymakers dissenting from the majority decision and calling for a quarter percentage point rate hike. The Fed held rates at 3.50-3.75 percent for the fifth straight meeting, with language describing inflation, unemployment and economic activity unchanged from its last rate decision. It described inflation as "elevated." (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

Chair of the Federal Reserve Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on July 29, 2026. The US Federal Reserve on Wednesday held interest rates in the world's largest economy steady, with three of 12 policymakers dissenting from the majority decision and calling for a quarter percentage point rate hike. The Fed held rates at 3.50-3.75 percent for the fifth straight meeting, with language describing inflation, unemployment and economic activity unchanged from its last rate decision. It described inflation as "elevated." (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

An man rides past an empty gas station in Havana on July 29, 2026. Cuba on July 28, 2026, moved to open several key crisis-ravaged sectors of its state-run economy to private firms, as the communist government tries to ease acute shortages resulting from a US energy blockade. (Photo by YAMIL LAGE / AFP via Getty Images)

An woman leaves a pharmacy in Havana on July 29, 2026. Cuba on July 28, 2026, moved to open several key crisis-ravaged sectors of its state-run economy to private firms, as the communist government tries to ease acute shortages resulting from a US energy blockade. (Photo by YAMIL LAGE / AFP via Getty Images)

An man pushes a cart in front of a pharmacy in Havana on July 29, 2026. Cuba on July 28, 2026, moved to open several key crisis-ravaged sectors of its state-run economy to private firms, as the communist government tries to ease acute shortages resulting from a US energy blockade. (Photo by YAMIL LAGE / AFP via Getty Images)

An man rides past a pharmacy in Havana on July 29, 2026. Cuba on July 28, 2026, moved to open several key crisis-ravaged sectors of its state-run economy to private firms, as the communist government tries to ease acute shortages resulting from a US energy blockade. (Photo by YAMIL LAGE / AFP via Getty Images)

An old car drives past a pharmacy in Havana on July 29, 2026. Cuba on July 28, 2026, moved to open several key crisis-ravaged sectors of its state-run economy to private firms, as the communist government tries to ease acute shortages resulting from a US energy blockade. (Photo by YAMIL LAGE / AFP via Getty Images)