The Federal Reserve (Fed) decided to keep interest rates unchanged, with new Chairman Warsh reaffirming the commitment to the 2% inflation target during a post-meeting press conference. Chairman Warsh downplayed recent easing data and emphasized the rise in long-term market interest rates, indicating that the financial environment is actually tightening. He emphasized that in an uncertain economic environment, the Fed will not provide forward-looking policy guidance to maintain policy flexibility.

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  • Source: PR Times
  • Category: News