What Warsh's first meeting as Fed chair signals
Summary
The Federal Reserve kept interest rates unchanged in its first meeting with Kevin Warsh as chair. All members agreed to hold rates steady, but some officials now expect a possible rate increase before the year ends.Key Facts
- Kevin Warsh led his first meeting as chair of the Federal Reserve.
- The Fed decided not to change interest rates for the fourth time in a row.
- All 12 members of the Federal Open Market Committee agreed to keep rates steady.
- Some Fed officials released new forecasts suggesting rates might rise later this year.
- Amna Nawaz spoke with David Wessel about how the Fed might operate under Warsh’s leadership.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.