BUSINESSWTOP DC
Federal Reserve keeps rate unchanged, but nearly half of policymakers would support hike this year
The Federal Reserve kept its key interest rate unchanged but nearly half of policymakers support a rate hike this year, signaling concerns about inflation. New chair Kevin Warsh, appointed by President Trump, influenced the decision by removing forward guidance and forming task forces to reshape Fed operations.
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Adjacent reporting
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- Fed holds rates steady but opens the door to hikes later this year
- Federal Reserve holds rates steady as Kevin Warsh chairs his first meeting - and now a rate hike is looking more likely than a cut this year
- All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
- Fed’s Hammack Says Baseline Is Rates on Hold for a ‘Good While’