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Trump picked Kevin Warsh to cut rates. The new Fed chief just told us he has other plans.
MarketWatch
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At his first meeting as Federal Reserve chairman, Kevin Warsh opted to maintain interest rates at 3.5-3.75%, disappointing President Trump's calls for rate cuts. The Fed's updated economic projections now indicate that officials expect interest rate increases by the end of 2026, reflecting ongoing concerns that inflation remains above the central bank's 2% target. Warsh signaled major structural reforms for the Federal Reserve and demonstrated a notably different communication approach compared to his predecessor.
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Here’s what the central bank’s hawkish agenda means for your money. ...
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