Kevin Warsh, Fed and interest rates
Digest more
The market is expecting a rate hike. Doing so would go a long way toward signaling the central bank isn't being influenced by politics.
NEW YORK, Sept 16 (Reuters) - Federal Reserve Chairman Kevin Warsh suggested on Wednesday that among the forces pushing up bond yields, a loss in confidence in the central bank's inflation fight mettle is not on that list.
All three major U.S. stock indexes closed lower for the seventh time in the past eight sessions after the Fed chairman made it clear inflation is still a problem.
For more than a decade, officials at the US Federal Reserve have shared their predictions on future interest rates via a small scatter chart published four times a year. Nineteen central bank policymakers can offer their projections,
Major stock indexes finished lower for the seventh time in eight sessions Wednesday, with the Dow Jones Industrial Average shedding more than 600 points, after the Federal Reserve unanimously raised interest rates for the first time since 2023 and Chair Kevin Warsh warned about continued inflation.
LIVE
12hon MSN
Fed meeting live updates: Fed hikes interest rates by 25 basis points as Warsh vows 'timelier return' to 2% inflation
The Federal Reserve voted to raise interest rates by 25 basis points on Wednesday to a range of 3.75%-4% amid persistently high inflation. The decision was unanimous.