Interest rates unchanged in Kevin Warsh's first Fed announcement

Orientul Mijlociu

June 17 (UPI) -- The Federal Reserve left interest rates as they are in new Chairman Kevin Warsh's first meeting Wednesday. In a short statement after the meeting, Warsh said the Federal Open Market Committee decided to maintain the target range for the federal funds rate at 3.5% to 3.75%. "Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept

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