Watch: Warsh speaks after Fed hikes interest rates
Federal Reserve Chair Kevin Warsh announced a 0.25 percent interest rate hike to a range of 3.75 to 4 percent. The unanimous decision by the Federal Open Market Committee aims to curb inflation during the Iran war. This marks the central bank's first rate increase in more than three years.
Federal Reserve Chair Kevin Warsh delivered remarks Wednesday afternoon after the central bank opted to raise interest rates by 0.25 percent to tame inflation amid the Iran war. The Federal Open Market Committee voted unanimously to increase the rate to a range of 3.75 to 4 percent, its first hike in over three years —...
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