Fed Reserve chair Kevin Warsh keeps interest rates unchanged
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Although the Federal Reserve left interest rates unchanged, its new Chair Kevin Warsh promised the central bank will deliver on price stability.
Tom Barkin, who’s led the Federal Reserve Bank’s Fifth District since 2018, this week will attend his first interest-rate meeting with Kevin Warsh at the helm of the powerful central bank.
The bond market wants Fed chair Kevin Warsh to rein in inflation by increasing benchmark interest rates at the central bank.
Kevin Warsh will hold his first policy meeting next week with inflation at a three-year high and a president who expects lower borrowing costs.
