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The Pescadero Perspective
news El Financiero 2026-06-17

Kevin Warsh Era Begins at Fed; Interest Rate Held Steady in First Decision

New Federal Reserve Chair Kevin Warsh initiated his tenure by holding interest rates unchanged, although policymakers were divided on future hikes. The FOMC unanimously voted to maintain the rate between 3.5% and 3.75%, signaling ongoing concerns about inflation.

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