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Economy

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.

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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.

Source: Ведомости ↗

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