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Axios
Axios

Fed leaves rates steady in Warsh's first meeting

Kevin Warsh US Federal Reserve Inflation Interest Rates

The Federal Reserve left its target interest rate unchanged in Kevin Warsh's first meeting as its chairman, alongside new projections showing that many top officials now anticipate raising interest rates this year.

Why it matters: Warsh is taking charge of the central bank amid a renewed surge of inflation that has dashed hopes for interest rate cuts this year.

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