Warsh on Fed independence: 'We stay in our lane'

Federal Reserve Chair Kevin Warsh told ABC News' Elizabeth Schulze that the Fed's decision to raise interest rates for the first time in three years is

The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year. How does that change your money? Here are 4 ways: 1️⃣ Your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get. 2️⃣ your high yield savings should earn more if your bank passes the rate

Federal Reserve Chairman Kevin Warsh talks about the decision to raise the Fed's benchmark interest rate by 25 basis points to a target range of 3.75%-4%, its first increase since 2023. Find more on CNBC at the link in bio or the link on screen. #CNBC

The Fed raises rates for the first time in three years. #federalreserve #kevinwarsh #interestrates #fed #news

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