Fed Chair Warsh Announces One Less FOMC Vote On Rates Next Year; Otherwise ‘Uncertainty’
By Denny Gulino WASHINGTON (MaceNews) – While continuing to abstain from forward guidance, Federal Reserve Chair Kevin Warsh did drop some news on the markets after the Open Market Committee held tight on rates as expected. saying next year there will be one fewer FOMC rate setting sessions. Devoting one FOMC meeting, he said, “for […]
FOMC Holds Tight as Expected Prior to Mid-Term Elections; Two Dissents in Favor of Rate Hike
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday confirmed expectations for no change in the 3.75% to 4% federal funds rate, with two voters registering dissents in favor of a quarter point rate hike. The policy statement follows: The Federal Open Market Committee approved the following statement for release by a 10 – 2 […]