Watch live: Warsh speaks after Fed votes to keep interest rates steady
Summary
The Federal Reserve voted to keep its benchmark interest rate between 3.75% and 4%. Chair Kevin Warsh is scheduled to speak with reporters Wednesday, as the Fed faces persistent inflation and economic pressures ahead of the midterm elections.Key Facts
- The Fed held interest rates at 3.75% to 4%.
- Kevin Warsh is the chair of the Federal Reserve.
- Warsh is scheduled to speak with reporters Wednesday.
- The decision came six weeks after the Fed raised rates by a quarter point.
- The article cites persistent inflation and mounting economic pressures ahead of the midterm elections.
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