WATCH LIVE: Fed chair Warsh holds news conference after latest interest rate decision
Summary
Federal Reserve Chair Kevin Warsh is holding a news conference after a meeting where the central bank is expected to keep interest rates the same. The Fed has been concerned about inflation staying above its target, but it is not likely to raise rates this week.Key Facts
- The Federal Reserve met on Tuesday and Wednesday in Washington.
- The central bank will likely keep its main interest rate unchanged for now.
- Inflation has been higher than the Fed’s 2% goal for over five years.
- Fed Chair Kevin Warsh said earlier this month he has "no tolerance" for high inflation.
- This is Warsh’s second policy meeting as Fed Chair this week.
- The Fed’s rate-setting committee may act when they meet again in September.
- Americans’ confidence in the economy dropped partly due to rising gas prices linked to the Iran conflict.
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