The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh’s first meeting in charge of the central bank.
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Warsh also indicated he will move quickly to reshape the central bank and how it sets policy. He launched task forces to examine five areas of how the Fed works: how it communicates, the size of its balance sheet, its use of economic data, the link between productivity and jobs and its framework for managing inflation.
