New Fed Chair Kevin Warsh Faces a Severe Test of Credibility
New Federal Reserve Chair Kevin Warsh faces a severe test of credibility at the Fed’s July policy meeting. Despite persistently high inflation, the Federal Open Market Committee voted 9-3 to keep its benchmark interest-rate target at 3.50% to 3.75%.
New Federal Reserve Chair Kevin Warsh faces a severe test of credibility at the Fed’s July policy meeting. Despite persistently high inflation, the Federal Open Market Committee voted 9-3 to keep its benchmark interest-rate target at 3.50% to 3.75%.