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New Fed Chair vows independence amid call for lower rates
New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought.In remarks at a central bank conference in Sintra, Portugal, Warsh said that, if businesses or households thought the Fed would accept inflation above 2.0 per cent, “I guess they’d be disappointed. We’re going to deliver price stability.”
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cryptobriefing.com
Kevin Warsh vows to combat inflation amid investor scrutiny
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.
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Federal Reserve Chair Warsh vows to combat inflation as prices hit three-year high
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.
