BUSINESSAP NEWS
Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now
The Federal Reserve is expected to keep interest rates unchanged for now despite persistent inflation above its 2% target. Fed Chair Kevin Warsh has stated 'no tolerance' for elevated inflation, but policymakers may delay action until September. Uncertainty from the Iran war and oil price fluctuations also influences the Fed's decision-making.
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- Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged — for now
- Fed keeps interest rates unchanged, says hikes may be coming later this year
- Warsh says Fed has ‘no tolerance’ for high inflation but provides no hints on next move
- Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move
- Most Fed officials see rate hikes if inflation stays high, minutes show
- Warsh to say Fed has 'no tolerance' for high inflation but provides no hints on next move