- 3d ago
US Federal Reserve holds rates at 3.5-3.75% for fifth meeting as three officials dissent, backing a hike
The Federal Reserve left its benchmark interest rate unchanged on Wednesday at 3.5-3.75%, extending the pause that began in January. Nine of the twelve FOMC members backed the decision while three voted for a quarter-point increase, breaking the unanimity seen in June.
- Jul 2
Fed Chair Warsh pledges independence, inflation fight, and data reforms at Sintra forum
Federal Reserve Chair Kevin Warsh used his first international speech to double down on the 2% inflation target, reject political pressure, and outline plans to overhaul the Fed's data and decision-making.
