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Warsh Defends Fed Rate Hike Decision Amid First Increase Since 2023

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Federal Reserve Chair Kevin Warsh has defended the central bank's decision to raise interest rates by a quarter of a percentage point. This move marked the first increase since 2023, and it came after a period of inaction.

The rate hike was implemented as part of the Federal Open Market Committee meetings on September 16, 2026, at Federal Reserve Headquarters in Washington, DC. Warsh described the decision as 'serious' and 'responsible,' indicating that the Fed took its duties seriously.

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