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On Sept. 16 the Fed raised its policy rate to 3.75%–4.00% — the first hike under Chair Kevin Warsh — and projected rates to stay elevated.
#fed, #interestrates, #inflation, #kevinwarsh
Kevin Warsh sworn in as Federal Reserve chair at a White House ceremony; he pledged independence as he takes over amid persistent inflation pressures.
#fed, #federalreserve, #kevinwarsh, #inflation