Kevin Warsh said that inflation is still too high and for too long. In addition, the economy and the labor market remain resilient, so the Fed considers it necessary to maintain a more restrictive policy to bring inflation back to its 2% target.
The Fed raised 25 bps because inflation is not falling at the expected pace. Warsh noted that prices are still too high and that the economy remains strong, so they consider it necessary to keep pressure on inflation.
In addition, the decision was 12-0 and left the rate at 3.75%-4.00%. The projections also contemplate the possibility of another rate hike before the end of 2026, depending on the next inflation and employment data.
#FedRateDecisions
#ZcashRises6%
#Fed
#FederalReserve
#KevinWarshNextFedChair
The Fed raised 25 bps because inflation is not falling at the expected pace. Warsh noted that prices are still too high and that the economy remains strong, so they consider it necessary to keep pressure on inflation.
In addition, the decision was 12-0 and left the rate at 3.75%-4.00%. The projections also contemplate the possibility of another rate hike before the end of 2026, depending on the next inflation and employment data.
#FedRateDecisions
#ZcashRises6%
#Fed
#FederalReserve
#KevinWarshNextFedChair
