đşđ¸Trumpâs handpicked Fed Chair just raised interest rates, directly defying his demands for lower borrowing costs
In a UNANIMOUS decision led by Fed Chair Kevin Warsh, the Fed raised its key federal funds rate target range by a quarter point to between 3.75% and 4%.
Inflation has remained above the Fedâs target for more than five years, but in recent months has crept higherâŚ
âThis summer's inflation readings do not tell me that underlying trends have meaningfully improved.â
The increase marks the first rate adjustment under Warsh.
Handpicked or not, Warsh has made it clear heâs not going to torch his own credibility just to validate Trump.
$SYN | $LSK | $HEI
#BREAKING #news #US #ZcashRises6% #FedRateWatch
In a UNANIMOUS decision led by Fed Chair Kevin Warsh, the Fed raised its key federal funds rate target range by a quarter point to between 3.75% and 4%.
Inflation has remained above the Fedâs target for more than five years, but in recent months has crept higherâŚ
âThis summer's inflation readings do not tell me that underlying trends have meaningfully improved.â
The increase marks the first rate adjustment under Warsh.
Handpicked or not, Warsh has made it clear heâs not going to torch his own credibility just to validate Trump.
$SYN | $LSK | $HEI
#BREAKING #news #US #ZcashRises6% #FedRateWatch
