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Federal Reserve keeps rates unchanged despite elevated inflation

Federal Reserve keeps rates unchanged despite elevated inflation
Photo: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) · view original

WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, as Chairman Kevin Warsh suggested its policies are already showing signs of having an impact. “Inflation remains elevated,” the Fed said in a statement released after its t...

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