The Federal Reserve raised interest rates for the first time in three years amid persistent inflation concerns, defying calls from President Trump for lower rates.
The president of the U.S. Federal Reserve, Kevin Warsh, stated that high inflation is concerning and action will be needed if progress toward the established goal does not occur.
In a highly anticipated speech at the Jackson Hole symposium, Kevin Warsh described U.S. inflation as "concerning" while highlighting the economy's performance.
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