Federal Reserve keeps rates steady as Trump's chairman pick vows to deliver 'price stability'
The Federal Reserve opted to keep interest rates unchanged on Wednesday in its first major decision under President Trump's hand-picked chairman, Kevin Warsh.
TL;DR
- Federal Reserve decided to keep interest rates unchanged.
- This was the first major decision under new chairman Kevin Warsh.
- Kevin Warsh was hand-picked by President Trump.
- Warsh is expected to focus on 'price stability'.