Fed holds interest rates steady after cliffhanger meeting, but three officials dissent

Link Copied! Dow sinks more than 2% and has worst day in over a year after Warsh remarks stir up volatility By John Towfighi A television station broadcasts Kevin Warsh, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee meeting as traders work on the floor of the New York Stock Exchange on Wednesday. Michael Nagle/Bloomberg/Getty Images Stocks closed sharply lower Wednesday afternoon after the Federal Reserve held interest rates steady and markets tried to digest remarks from Fed Chairman Kevin Warsh.