Fed Chair Warsh Says FOMC Decided To Raise Rates By Quarter Point; Inflation Remains Elevated; Decision Comes When Economy Appears To Be Strengthening; Key Markers Have Improved In Recent Months; This Committee Will Deliver Price Stability; View That Conditions Are Not Restrictive Was Widely Shared By FOMC; Jobless Rate Remains Low, Openings And Hours Are Increasing; Labor Side Of Fed Remit Is In Good Shape; OUr Predominant Focus Is Inflation
https://www.youtube.com/watch?v=D_5bQnxxWAE
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Why It Matters
The Federal Reserve raised interest rates by a quarter point to fight inflation. Even though the economy is getting stronger and jobs are growing, the Fed wants to keep prices stable.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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