Fed Holds Rates as Warsh’s Inflation Stance Questioned

Warsh’s stinginess with details on the inflation fight led to a sharp market reaction, with former Biden adviser Heather Boushey saying the Fed was ‘upending markets.’ Three dissenting votes underscored internal divisions.

The decision came as the US economy showed signs of slowing, with GDP growth decelerating.

Investors now demand clarity on the central bank’s strategy.