Watch live: Warsh gives remarks as Fed holds interest rates steady
Summary
Federal Reserve Chair Kevin Warsh will speak after the central bank decided to keep interest rates unchanged for the fifth time. The Federal Open Market Committee held the baseline interest rate between 3.5% and 3.75%, citing uncertainty caused by rising energy prices linked to the conflict in Iran.Key Facts
- The Federal Reserve kept interest rates steady this time.
- This is the fifth time in a row the rates have not changed.
- The baseline interest rate remains between 3.5% and 3.75%.
- Energy prices are rising due to the ongoing conflict in Iran.
- The uncertainty around energy prices influenced the Fed’s decision.
- Fed Chair Kevin Warsh will make remarks about this decision.
- The Federal Open Market Committee is the group that sets these rates.
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