Fed's Warsh: 'There is no soft inflation target. There's only 2%.'

Federal Reserve Chair Kevin Warsh announced the Fed's 9–3 decision to maintain interest rates at 3.5%–3.75%, emphasizing a strict 2% inflation target and highlighting strong economic resilience driven by a near-20% surge in AI-related tech spending.

Fed Chair Kevin Warsh announced the Federal Reserve's 9–3 decision to maintain interest rates at 3.5%–3.75%, emphasizing a strict 2% inflation target while highlighting strong economic resilience driven by a near-20% surge in AI-related tech spending.