Kevin Warsh’s first Fed meeting sees rates hold steady and makes outright promise to deliver price stability—but don’t expect many details on when
In his first appearance as chairman of the Federal Reserve, Kevin Warsh confirmed this afternoon the base rate will hold at its current level of 3.5% to 3.75%. Taking over the title from Jerome Powell—who stays on at the Fed as a governor—Warsh said: “Economic activity is expanding at a solid pace,