Fed Holds Interest Rates Steady as Warsh’s Inflation Message Leaves Markets Uncertain

The U.S. Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% on Wednesday, July 29, as a divided policy committee weighed persistent inflation pressures against a steady labour market. Fed Chair Kevin Warsh reiterated the central bank’s commitment to bringing inflation back to its 2% target, but offered few clues about whether rates could rise at the next meeting.

Kiren Rijiju Hits Out at Rahul Gandhi Over Amit Shah Remarks, Says LoP ‘Trapped Himself Very Badly’

Union Parliamentary Affairs Minister Kiren Rijiju on Wednesday criticised Lok Sabha Leader of the Opposition Rahul Gandhi over his remarks against Union Home Minister Amit Shah concerning the alleged police action during the July 20 student protests. Rijiju said Gandhi had “trapped himself very badly” by making what he described as incorrect allegations and using unparliamentary language.

Devendra Fadnavis Hits Out at Rahul Gandhi Over Amit Shah Remarks, Says Allegations Won’t Help Youth

Maharashtra Chief Minister Devendra Fadnavis on Wednesday, July 29, criticised Lok Sabha Leader of Opposition Rahul Gandhi over his remarks targeting Union Home Minister Amit Shah in connection with alleged police action during the July 20 student protests. Fadnavis accused Gandhi of making allegations without offering solutions for the welfare of India’s youth.