BUSINESSFORTUNE
Kevin Warsh’s first Fed meeting sees rates hold steady and makes outright promise to deliver price stability—but don’t expect many details on when
Kevin Warsh confirmed the Federal Reserve will hold the base rate at 3.5% to 3.75% during his first meeting as chairman. He emphasized a commitment to price stability amid inflation concerns and political pressures, while the June FOMC meeting was closely watched for signs of Fed independence amid prior tensions between the White House and former Chair Jerome Powell.
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