🇺🇸 Fed Chair Kevin Warsh has finished speaking.

Key takeaways:
• Inflation remains “too high”
• Rates raised 25 bps to 3.75%–4.00%
• 12–0 unanimous vote
• One more 25 bps hike expected this year
• 2% inflation target remains the goal
• Job gains remain strong
• Unemployment has “changed little”

“We will deliver price stability.”