Brief
Warsh’s First Fed Meeting as Chair Produces a Result Many in CRE Expected
President Donald Trump nominated Kevin Warsh as Federal Reserve chairman in the hope of lowering interest rates, but the first Federal Open Market Committee (FOMC) meeting under his leadership signale
Summary
President Donald Trump nominated Kevin Warsh as Federal Reserve chairman in the hope of lowering interest rates, but the first Federal Open Market Committee (FOMC) meeting under his leadership signaled a continued higher-for-longer environment.
The central bank, in a unanimous 12-0 vote Wednesday, kept its benchmark interest rate at between 3.
5 percent and 3.75 percent […]
Source
- Commercial Observercommercialobserver.com
