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For a few minutes, Wall Street thought it knew the script. The Federal Reserve left interest rates unchanged at 3.50%-3.75% in a notable 9-3 vote split. The policy statement offered few surprises. Stocks initially moved higher, suggesting investors saw little reason to rethink the outlook. Then Fed Chair Kevin Warsh st
The Federal Reserve didn’t raise interest rates Wednesday, holding them steady at 3.50%-3.75%. Yet as markets absorbed Federal Reserve Chair Kevin Warsh’s hawkish message between 3 p.m. and 3:30 p.m. ET, some of Wall Street’s highest-flying AI stocks suffered sharp losses. Warsh’s repeated insistence that “there’s only
Fed's Warsh: Inflation cannot be cured in 9 weeks.