Fed Holds Rates Steady as War in Iran Upends the Economic Outlook - The New York Times

kept by eddie mar 19

The Federal Reserve held interest rates steady due to high uncertainty from the Iran war, which could lift inflation and dent growth.

Statement from Jerome Powell
Federal Reserve Chair Jerome Powell says DOJ subpoenas threatening criminal indictment are a pretext to pressure the Fed into setting interest rates based on presidential preferences rather than economic evidence.
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Warsh uses detailed jargon and a penchant for detail to outline a vision for change at the Federal Reserve during a press conference.
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