Business StandardCenter·
Fed Chair Warsh stresses price stability, offers no signals on rate outlook
Federal Reserve Chairman Kevin Warsh said Friday he won't prejudge what the US central bank will do about interest rates at its upcoming meetings in October and December. The Fed increased its key interest rate by a quarter-point to about 3.9 per cent in September, its first increase in three years, and stubbornly elevated US inflation will likely lead it to hike that rate again in coming months to slow spending and help cool price pressures. But Warsh offered no fresh signals during a "firesid…
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