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.
The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely.
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.
