Watch: Warsh speaks after Fed hikes interest rates — SkimNews
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- Federal Reserve Chair Kevin Warsh delivered remarks Wednesday afternoon following the central bank's decision to raise interest rates by 0.25 percentage points to combat inflation amid the Iran war.
- The Federal Open Market Committee voted unanimously to lift the federal funds rate to a range of 3.75 to 4 percent — the Fed's first rate hike noted in the source (text truncated).
Why it matters: The unanimous 0.25-point hike brings the target range to 3.75–4%, with the FOMC framing the move explicitly as an inflation-fighting action even amid wartime conditions — underscoring that policymakers prioritized price stability over pausing during geopolitical crisis.
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