Warsh linked the increase in the Fed rate with the acceleration of inflation
The Federal Reserve on Wednesday raised the key rate by 25 basis points to a range of 3.75-4%, for the first time since July 2023. Commenting on the decision at a press conference, Fed Chairman Kevin Warsh said that inflation is “too high and remains so for too long,” reports CNBC.

The Federal Reserve on Wednesday raised the key rate by 25 basis points to a range of 3.75-4%, for the first time since July 2023. Commenting on the decision at a press conference, Fed Chairman Kevin Warsh said that inflation is “too high and remains so for too long,” reports CNBC.

