Fed Holds Rates Steady at Final Meeting Before Midterms
The Federal Reserve held interest rates steady Wednesday at its last meeting before the midterms, and I'm told the central bankers did it with a straight face. The Hill reports the target range sits at 3.75 to 4 percent, after a quarter-point hike about six weeks back, the first in three years, per CBS News. The Guardian says two of the 12 board members wanted ANOTHER hike, so somebody in that room is feeling spicy.
Just the News reports this came despite President Trump's public push for lower rates. Fed Chair Kevin Warsh says politics played no role. A pause right before Election Day, with zero politics in it? Bless their hearts, and I mean that with my whole chest.
Washington Times says a December hike is possible. I've seen smarter decisions made by a cow stuck in a gate.
Short and sweet from me. Long and juicy over here:
Read the full story at Just the News →Coverage
- Fed Holds Interest Rates Steady At Final Meeting Before ElectionDaily Caller · 5d ago
- Fed Holds Rates Steady Amid Strong Expansion and Elevated InflationBreitbart · 5d ago
- Fed holds interest rates steady before Election Day, though December hike possibleWashington Times · 5d ago
- Fed holds rates steady in last meeting before midtermsJust the News · 6d ago
- Fed holds rates steady in last meeting before midtermsJust the News · 6d ago
- Fed holds rates steady in last meeting before midtermsJust the News · 6d ago
- Watch live: Warsh speaks after Fed votes to keep interest rates steadyThe Hill · 5d ago
- US central bank holds interest rates steady ahead of midterm elections – here's what that meansBBC · 5d ago
- Fed holds rates steady despite dissentsSemafor · 5d ago
- Fed holds interest rates steady even as inflation remains highCBS News · 5d ago
- Fed holds interest rates steady in last decision before midtermsThe Guardian · 5d ago