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The Federal Reserve raised interest rates for the first time in more than three years. Fed Chairman Kevin Warsh said in a press conference on Wednesday the decision to raise rates was to return inflation to the reserve’s 2% target in a “timelier” way. #US #news #economy #FederalReserve #money
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Federal Reserve Chair Kevin Warsh says it raised interest rates by a quarter of a percentage point to address inflation, which remains above its 2% target. #fed #interestrates #economy #inflation #markets
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