Fed holds interest rates steady in last decision before midterms
Fed chair Kevin Warsh said politics played no role in pause of interest rate hikes, despite inflation remaining above 3% The US Federal Reserve left interest rates unchanged on Wednesday during its last board meeting before the midterm elections, keeping rates at one of the highest pre-election levels seen in over 20 years. Two out of 12 board members voted against the pause, preferring to raise rates by a…
Story summary
Fed chair Kevin Warsh said politics played no role in pause of interest rate hikes, despite inflation remaining above 3% The US Federal Reserve left interest rates unchanged on Wednesday during its last board meeting before the midterm elections, keeping rates at one of the highest pre-election levels seen in over 20 years. Two out of 12 board members voted against the pause, preferring to raise rates by a…
Follow the latest stories from trusted publishers with concise summaries. Open the original source link for details.