The Federal Reserve held interest rates steady Wednesday at Chair Kevin Warsh’s first rate-setting meeting since taking the reins of the central bank. In a unanimous decision, the Federal Open Market Committee (FOMC) maintained its baseline interest rate at a range of 3.5 percent to 3.75 percent. It marks a shift from the panel’s divided…
Rep. Pat Fallon introduces the Espionage Protection Act to cut federal funding for universities with alleged ties to the Chinese Communist Party.
Federal Reserve Chairman Kevin Warsh announced the formation of five task forces designed to reform the central bank, including to overhaul its conduct of monetary policy and to examine the effects of artificial intelligence. Warsh, fresh out of his first meeting as Fed chairman, announced the “key initiative” during a press conference Wednesday afternoon. He […]
The Federal Reserve on Wednesday held rates steady in Kevin Warsh's first meeting as Fed Chairman. The post JUST IN: Feds Hold Rates Steady at Kevin Warsh’s First Meeting as Federal Reserve Chairman appeared first on The Gateway Pundit.
The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.
The Federal Open Market Committee voted unanimously to leave its benchmark interest rate in a target range of 3.5%-3.75%. Policymakers were split over whether they expect to raise rates this year. This is the first decision issued under Chair Kevin Warsh. Bloomberg's Michael McKee reports. (Source: Bloomberg)
President Trump said Wednesday that oil reserves could have run out in four weeks if the Strait of Hormuz were not opened. “We run out of reserves at about four weeks,” Trump said in France while at the Group of Seven summit, discussing the recent memorandum of understanding with Iran. “You know, there are reserves…
Federal Reserve Chairman Kevin Warsh is holding a news conference on Wednesday at 2:30 p.m. to announce his interest rate decision. Wall Street investors, economists, and likely the White House will watch closely as the new Fed chair holds his first news conference following his May 22 confirmation. REPUBLICANS BUILD MIDTERM CONVENTION AROUND TRUMP TO BOLSTER […]
The Federal Reserve voted Wednesday to hold its interest rate target steady following the first meeting for new Fed Chairman Kevin Warsh, meaning that President Donald Trump’s long-expressed desire for the central bank to lower interest rates will be unfulfilled for now. After a two-day meeting in Washington, the Fed’s monetary policy committee announced it […]