He repeated his determination to bring inflation back to the US central bank’s 2 per cent target. Read more at straitstimes.com. Read more at straitstimes.com.

New Fed Chair Kevin Warsh held rates at 3.5-3.75% while vowing to hit 2% inflation, rattling Bitcoin and equities with hawkish rhetoric.

New Fed Chair Kevin Warsh held rates steady at his first FOMC meeting but signaled a potential hike as inflation hits 4.1%, the highest in three years.