Fed to Hold Rates as Powell’s Farewell Chair Meeting Arrives, Warsh Nomination Advances
TL;DR Summary
The Federal Reserve is expected to keep interest rates unchanged at Powell’s final meeting as chair, with no update to economic projections, while Warsh’s nomination to replace him advances in the Senate. Powell’s future remains uncertain as a DOJ probe winds down, and markets will weigh the potential impact of the Middle East conflict, inflation data, and a mixed labor market on policy.
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