Watch live: Warsh speaks after Fed hikes interest rates
Summary
Federal Reserve Chair Kevin Warsh will speak after the Federal Reserve raised interest rates by 0.25%. This increase aims to reduce inflation amidst concerns related to the war in Iran.Key Facts
- The Federal Reserve raised interest rates by 0.25%.
- The new interest rate range is 3.75% to 4%.
- The decision was unanimous by the Federal Open Market Committee.
- This is the first rate increase in several months.
- The rate hike is intended to control inflation.
- The increase comes during ongoing instability connected to the war in Iran.
- Kevin Warsh is the Chair of the Federal Reserve.
- He is scheduled to give remarks following the rate hike announcement.
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