Fed Chair Warsh Speaks After Rates Held Steady
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Federal Reserve Chair Kevin Warsh gave remarks after the Fed decided to keep interest rates unchanged at a range of 3.5% to 3.75%. The decision was made despite uncertainty around energy prices due to the Iran war. The Fed cited solid economic activity, strong productivity growth, and job gains in its statement. Warsh's credibility was later questioned due to the rate decision, with some investors expressing concern about his approach to inflation.
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