Fed Holds Rates Steady Despite Lack of Progress on Inflation
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Federal Reserve chairman Kevin M. Warsh stated that the central bank will enter an information-rich period. This data will be gathered before the December meeting. Officials will use this information to decide the next steps for policy. This comes as there is a lack of progress on inflation.
Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.