BUSINESSWSVN MIAMI
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’
The Federal Reserve maintained its key interest rate at 3.6% amid high inflation and energy price spikes from the Iran war, with three regional Fed presidents dissenting in favor of a rate hike. Fed Chair Kevin Warsh acknowledged the dissent as a 'good family fight' but emphasized his stance against elevated inflation, despite President Donald Trump's pressure for rate cuts.
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