FOMC ambivalence leaves elbow room for MPC

The US Federal Reserve held interest rates steady on Wednesday, with Chair Kevin Warsh lauding a “family fight” that saw three policymakers dissent in calling for a rate hike to…

Fed Chair Kevin Warsh defended the FOMC's 9-3 vote to hold rates at 3.5%-3.75%, vowing no soft inflation target as September hike odds hit 59%.

FOMC ambivalence leaves elbow room for MPC