In Just 3 Words, Fed Chair Kevin Warsh Summed Up What We're All Thinking About Inflation, and It's Devastating
Warsh gave plenty of assurances but hardly any details.
Overview
“You’ve heard this before, but we will deliver price stability.”
That was Federal Reserve Chair Kevin Warsh’s message after today’s Federal Open Markets Committee meeting, at which the committee voted 9-3 in favor of keeping the federal funds target interest rate unchanged at 3.5% to 3.75%.
Details
In fact, Warsh used the word “deliver” more than a dozen times in his remarks. “We will deliver the 2% inflation target,” he said in response to a reporter’s question. “We’re going to deliver on the responsibility that Congress gave us,” he responded to another.
Source
Originally published at www.fool.com.
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