New US Fed chair vows reforms as central bank signals rate hikes on horizon
As widely expected, policymakers at the the US Federal Reserve have kept interest rates unchanged. But in a clear change of tone from previous meetings, Fed officials said they expected raising interest rates later this year rather than lowering them, to tame rising inflation. Th
As widely expected, policymakers at the the US Federal Reserve have kept interest rates unchanged. But in a clear change of tone from previous meetings, Fed officials said they expected raising interest rates later this year rather than lowering them, to tame rising inflation. The meeting was the first chaired by the central bank's new chief, Kevin Warsh, who scrapped guidance about future rate moves and announced new task forces that could reshape how the Fed communicates and analyses data.
This report comes from France 24. The story centres on New US Fed chair vows reforms as central bank signals rate hikes on horizon. Full coverage and background context is available at the original source. Readers seeking more detail on this developing topic are encouraged to follow updates from France 24 and related outlets covering this beat.
