Heurist Finance

Fed Chair Warsh raises rates for first time in three years

Bloomberg · 23 hours ago
Fed Chair Warsh raises rates for first time in three years
  • The Federal Reserve raised interest rates for the first time in three years under Chairman Kevin Warsh.
  • Sonal Desai, fixed income CIO at Franklin Templeton, said Warsh is bringing policy back to a "good, normal space."
  • The rate hike is the first tightening move in three years, signaling a shift in the Fed's policy stance.

Quotes

“What I saw was just somebody who seems to be trying to bring us back to what I would consider a good, normal space”— Sonal Desai

Sources