According to CoinMeta, the Federal Reserve decided at its latest meeting to maintain interest rates at 3.50% to 3.75% unchanged. Although the new Fed chairman, Kevin Warsh, has tended to favor significant rate cuts, concerns about inflation remain on the agenda. After the meeting, Warsh stated in a press conference that economic activity is "expanding at a solid pace" and pledged to bring inflation rates back down to the 2% target. Following this meeting, Wall Street reacted poorly, with several indices falling; the Dow Jones index dropped by 1,153 points, and the yield on 30-year Treasury bonds reached its highest level since 2007.