Watch: Fed chair Kevin Warsh takes questions after interest rates raised
Summary
Federal Reserve Chair Kevin Warsh spoke to reporters after the Fed raised interest rates by 0.25 percentage points. This increase is the first rate hike since 2023.Key Facts
- The Federal Reserve raised interest rates by 0.25 percentage points.
- This is the first rate increase since 2023.
- Kevin Warsh is the current chair of the Federal Reserve.
- The rate hike aims to influence economic activity, usually to control inflation.
- Warsh answered questions from reporters following the decision.
- The Federal Reserve sets interest rates that affect borrowing costs for consumers and businesses.
- The news coverage was provided by CBS News.
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