Warsh Shakes Up Fed Analysis, Maintains Interest Rates

By Andrew Rice | The Center Square (Worthy News) – The central bank would implement new task forces to aid in deciding monetary policy, Kevin Warsh, the new chairman of the Federal Reserve, said Wednesday. The central bank also decided to keep interest rates at the same level of 3.5% to 3.75%. Members of the bank cited rising inflation from the U.S. conflict with Iran as a reason to keep interest rates at the same level. “Inflation remains elevated relative to the Committee’s 2