Trump stands by Warsh despite Fed's rate hold
Synopsis The Federal Reserve maintained its benchmark interest rate, resisting President Donald Trump's calls for a reduction. Three officials dissented, advocating for a rate hike
Synopsis The Federal Reserve maintained its benchmark interest rate, resisting President Donald Trump's calls for a reduction. Three officials dissented, advocating for a rate hike to combat persistent inflation.
Warsh acknowledged vigorous debate and the Fed's commitment to controlling prices. He noted the central bank lacks immediate solutions for inflation's complex drivers. Market yields
have risen as investors assess economic data and Fed signals.
The BriefWire