Why the Federal Reserve is lifting rates now, and what it means
About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged


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About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged

Kevin M. Warsh, the chairman of the Federal Reserve, on Wednesday left open-ended how much more interest rates may have to rise to tame inflation.

The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors' growing worries about inflation and deficits.

"I would be hard pressed to describe broad financial conditions as restrictive," the Fed chair said in his debut speech.
Kevin M. Warsh, who will preside over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.

LIVE: Federal Reserve Chairman Kevin Warsh testifies before the Senate Banking Committee

LIVE: Federal Reserve Chairman Kevin Warsh testifies before the Senate Banking Committee

Federal Reserve Chairman Kevin Warsh told the House Financial Services Committee that the central bank has "no tolerance for persistently elevated inflation."

LIVE: Federal Reserve Chairman Kevin Warsh testifies before the House Financial Services Committee

Kevin M. Warsh, since becoming chairman of the Federal Reserve, has declined to say whether he supports higher interest rates to tame price pressures.

New Federal Reserve Chairman Kevin Warsh isn't a stranger on Wall Street, but the mystery to investors is whether he's committed as he sounds to stamp out U.S.…
The Federal Reserve's new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs.

Alan Greenspan, former Federal Reserve chairman, dies at 100

The legendary central banker led the Fed for nearly two decades.
Alan Greenspan presided over the Federal Reserve for 19 years under four presidents and mastered the art of obfuscation known as Fedspeak.

Former Federal Reserve chairman Alan Greenspan has died at 100, the Fed says
As chairman of the Federal Reserve, Alan Greenspan became the world's most high-profile banker.

As chairman of the Federal Reserve, Alan Greenspan became the world's most high-profile banker.

During his chairmanship, Greenspan was celebrated as possibly the best central banker in history. But later, his reputation was tarnished by the worst financia…
Alan Greenspan, the influential economist and former chairman of the Federal Reserve, died on Monday. He was 100 years old. Greenspan's wife, NBC News anchor A…

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