|
Kevin Warsh held his first news conference since taking over as the Federal Reserve chair. With inflation at its highest level in three-plus years, Warsh and his colleagues held interest rates steady.
|
|
Gundlach said Warsh's stance reduces the risk of overly accommodative monetary policy that could reignite inflation and push longer-term borrowing costs higher.
|
|
The National Weather Service issued several of its highest-level tornado alerts on Wednesday night.
|
|
Officials at the Federal Reserve were split between no cuts this year and one or more rate increases as they braced for higher inflation, according to a new set of projections.
|
|
