Warsh Defends Fed Rate Hike as Consumer Price Stabilization Effort
Federal Reserve Chair Kevin Warsh commented on how the recent interest rate hike affects consumers. The central bank raised rates for the first time in three years, a decision that aligns with Warsh's previous statements.
'Consistent' with his previous remarks, Warsh stated that the Fed's move is aimed at delivering stable prices for consumers. He made these comments to ABC News' Elizabeth Schulze.