Fed Chair Warsh Says Current Conditions are Helping Create a Path Toward Lower Inflation

Source: International Business Times

Fed Chair Kevin Warsh explained the reasoning for the decision to keep rates unchanged after the October meeting. Getty Images Federal Reserve Chair Kevin Warsh said there are signs that financial conditions have tightened over the weeks since the central bank hiked interest rates in September. Speaking in the press conference following the latest policy decision, Warsh said that "we have started to see some changes in financial and credit conditions; they have tightened for some businesses and households, much as we would expect.