On Wednesday, the Federal Reserve delivered its first increase in more than three years, a quarter-point move approved 12-0. As a result, the target band now stands at 3.75% to 4%, previously 3.5% to 3.75% since a reduction last December. The committee is leaning into the price stability side of its dual mandate with inflation still running hotter than 2%. At his press conference, Chair Kevin Warsh put it bluntly: "Inflation is too high and has been for too long." He called the decision "serious and responsible" and said the hike "removed a dose of accommodation." Recent inflation readings, he added, have not shown meaningful improvement in the underlying trend. Why pull the trigger now?
Головну думку ми показуємо публічно. Створіть безкоштовний акаунт, щоб читати повну статтю, зберігати її, обговорювати та поєднувати з ринковим і OSINT-контекстом.