New Delhi, June 17 -- The US Federal Reserve, led by new Chairman Kevin Warsh, kept interest rates unchanged as policymakers chose to await greater clarity on inflation and economic growth before adjusting the monetary policy trajectory.

The US Federal Reserve announced its latest monetary policy decision following a two-day Federal Open Market Committee (FOMC) meeting, keeping its benchmark interest rate unchanged in the 3.50%-3.75% range for the fourth consecutive meeting.

The Fed had previously lowered short-term interest rates in three consecutive meetings before pausing its easing cycle in January.

The decision was widely expected as policymakers continue to grapple with inflationary pressures stemming from higher energy prices dr...