FOMC Turns Hawkish to Tackle Inflation
In his first rate hike as Fed Chair, Kevin Warsh raises rates by 25 basis points amid persistent inflation. In a laconic 132-word statement, the Federal Open Market Committee (FOMC) announced a hike of the Federal Funds rate by 0.25%, to between 3.75% and 4%. It was the first increase in Chairman Kevin Warsh’s tenure…








