CNA·3 min read·medium
Warsh vows not to 'waver' on inflation as divided Fed leaves rates unchanged
C
CNA
✦AI Summary
The US Federal Reserve, led by Chair Kevin Warsh, held interest rates steady at 3.50-3.75% despite dissent from three regional bank presidents. The decision reflects ongoing concerns about inflation, which remains above the 2% target due to global fuel prices and AI-related investment demand.
Despite delivering no rate cuts, US President Donald Trump stood by Fed Chair Kevin Warsh, calling him a "brilliant guy".
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