Fed holds at 3.5%–3.75%: Warsh rules out flexible inflation target

The Federal Open Market Committee (FOMC) held US interest rates at 3.50%–3.75% on Wednesday. Fed Chair Kevin Warsh was emphatic: "There is no flexible inflation target. There is no hidden, flexible target here. That is not what this committee is guarding." It marks the fifth consecutive meeting with no rate change.

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📈 Business Fed Holds Rates Steady, Investors Question Warsh's Resolve on Inflation CNBC · 18h ago 📈 Business Fed holds rates at 3.5%–3.75% for fifth consecutive time Rzeczpospolita · 1d ago 📈 Business Fed faces pressure to raise rates as Warsh chairs second meeting NYT Business · 1d ago