rate-setting committee
Coverage of rate-setting committee in the Nexus archive.
- Warsh says Fed has ‘no tolerance’ for high inflation but provides no hints on next move
Federal Reserve Chair Kevin Warsh emphasized the Fed has 'no tolerance' for high inflation but did not indicate future rate decisions. Recent inflation data showed a 0.4% monthly decline, with core inflation remaining above the Fed's 2% target. The Fed's divided committee faces challenges in aligning on rate policy amid economic uncertainties and rising oil prices from Middle East tensions.
- Fed minutes: Officials deeply divided over future path of US inflation
The Federal Reserve's rate-setting committee kept interest rates unchanged but remained divided over future inflation trends, with half of policymakers supporting a rate hike by year-end and half opposing it. Officials expressed concerns that AI-driven investments could sustain inflation by increasing prices for semiconductors and technology goods.