Federal Reserve keeps interest rates unchanged in Kevin Warsh’s first meeting
Source Cryptopolitan
- The Fed held rates at 3.5% to 3.75% in a unanimous 12-0 vote.
- Nine policymakers now expect rate hikes this year, while eight support no change and one favors a cut.
- Officials said inflation remains too high, with the Middle East conflict and rising energy costs adding pressure.
- Kevin Warsh’s influence is already visible in the shorter statement, which removed guidance on future rate moves and highlighted strong productivity and investment.
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