HOT MOMENTS: FED Chair Kevin Warsh is Speaking Aft
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Federal Reserve Chairman Kevin Warsh is holding a press conference following the decision to keep interest rates unchanged.
Here are the most important parts of Warsh’s statements:
This meeting reflects the best traditions of the Federal Reserve.
The goal is to implement monetary policy correctly.
My colleagues and I are here to fulfill our legal duties.
The mandate given to us by Congress to achieve price stability and full employment guides our meetings.
Economic activity is expanding at a steady pace.
Inflation is well above the 2% target.
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