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NO RATE CUT! New Fed Chair Kevin Warsh keeps interest rates unchanged; drops forward guidance
Federal Reserve Chair Kevin Warsh held interest rates steady in his first major policy decision, resisting mounting calls for immediate rate cuts. The move signals the Fed's continued focus on inflation risks even as political pressure grows for looser monetary policy. Warsh also declined to offer clear forward guidance on future rate moves, leaving investors searching for clues about the path of interest rates. Markets closely watched the announcement for signals on inflation, economic growth, and the outlook for borrowing costs.
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cnbc.com
Warsh's Fed is likely to hold rates steady — what the leadership change could mean for your money
The Federal Reserve's June meeting, the first helmed by new Fed Chair Kevin Warsh, may impact many consumer borrowing and savings rates down the road.
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apnews.com
All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame…
