Federal Reserve Chairman Kevin Warsh is set to announce the central bank’s interest rate decision on Wednesday at 2:30 p.m.
Warsh is expected to hold interest rates steady despite persistently high inflation, partly driven by elevated energy prices stemming from the war in Iran.
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The central bank is expected to maintain the benchmark federal funds rate within the target range of 3.75% to 4% following the two-day policy meeting.
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[ H/T Washington Examiner ]
