New Fed Chair Kevin Warsh Keeps Interest Rates Steady
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The Federal Open Market Committee (FOMC) held rates steady at the first meeting chaired by Kevin Warsh.
Federal Reserve Chair Kevin Warsh pledged to restore inflation to 2%, signaling a tougher stance that has markets increasingly pricing in rate hikes.
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.
Kevin Warsh launched a major Fed overhaul, dropped forward guidance and unveiled five task forces as inflation concerns reshaped rate forecasts.
