Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war

The Federal Reserve held interest rates steady on Wednesday, a choice that may intensify questions about how US central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target. The widely ‌expected decision to leave the benchmark interest rate in the 3.50 per cent to

The Federal Reserve left its interest rate target unchanged Wednesday amid significant internal dissent from officials who preferred to raise rates. The big picture: The central bank elected not to surprise markets with an interest rate hike, contrary to rampant speculation on Wall Street in recent days. But three memb

Kevin Warsh’s Fed Holds Interest Rates Steady Again—But Dissent Among Officials Mounts  Forbes

Warsh, who took over as chairman from Jerome Powell in May, has repeatedly called for a “good family fight” at the Fed – and it looks like he got his wish.

The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged.

Uncertainty creeps into Fed's rate decision as Warsh keeps his cards hidden  Reuters

Inflation and affordability are top issues for the Federal Reserve’s rate-setting committee as it votes on whether to raise interest rates or keep them steady.

President Trump Monday voiced support for Federal Reserve Chairman Kevin Warsh while insisting that the U.S. should have the lowest interest rates in the world.

"After months of upside inflation surprises, patience is wearing thin," writes EY-Parthenon's Gregory Daco.