Bloomberg Podcasts · Chair Warsh Says Fed Will Deliver Price Stability

1. 1. The FOMC voted to maintain the federal funds rate target range at 3.5% to 3.75%.
2. 2. Inflation has been running well above the Fed's 2% target for over five years, but Chair Warsh asserts the committee is unanimous in delivering price stability.
3. 3. The FOMC statement was shortened and simplified, removing forward guidance as it was deemed unsuitable for the current policy environment.
4. 4. Chair Warsh refrained from submitting his own economic projections, consistent with his long-held views on the current structure of the Summary of Economic Projections.
5. 5. The median FOMC participant projects the federal funds rate at 3.8% by end of this year and 3.6% by end of next year.