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Fed Holds Rates Steady but Three Officials Back Increase
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DNyuz
Mr. Trump is actively adding new tariffs, and the labor market is still digesting sweeping immigration restrictions he has put in place.
As Mr. Warsh spoke, longer dated Treasury yields rose sharply, with the 30-year bond closing in on its May peak of 5.2 percent.
A rate rise later this year will no doubt anger Mr. Trump, who tapped Mr. Warsh for the job.
Following Wednesday’s decision, Mr. Trump laid the blame on Mr. Warsh’s colleagues, who vote alongside the chairman on policy decisions.
The post Fed Holds Rates Steady but Three Officials Back Increase appeared first on New York Times.