Federal Reserve expected to announce interest rate increase – live
Kevin Warsh, Donald Trump’s pick for Fed chair, expected to raise rates despite intense pressure from presidentBusiness editorThe Fed has two mandates: price stability and supporting the job market. The jobs market has remained robust but spikes in energy prices have put the central bank under pressure to raise rates in order to bring down inflation. Americans have spent over…
Kevin Warsh, Donald Trump’s pick for Fed chair, expected to raise rates despite intense pressure from presidentBusiness editorThe Fed has two mandates: price stability and supporting the job market. The jobs market has remained robust but spikes in energy prices have put the central bank under pressure to raise rates in order to bring down inflation. Americans have spent over…
