The Federal Reserve left interest rates unchanged at 3.5% to 3.75% during Kevin Warsh’s second FOMC meeting, with the decision revealing a growing divide as three officials favored a 25-basis-point rate increase. The committee highlighted the US economy’s resilience and labor market stability while warning that inflation remains above the 2% target. Bitcoin surged to $64,000 ahead of the announcement. Warsh unveiled five task forces to examine the Fed’s communications strategy, balance sheet, economic data, productivity and labor markets, and inflation framework.
Source: Read the original article
