Fed's Warsh Says Monetary 'Medicine' Starting to Work

Federal Reserve Chairman Kevin Warsh said during a news conference that there are no firm conclusions right now about monetary policy, following the Federal Open Market Committee's decision to leave interest rates unchanged. CNBC reported that the rate decision matched expectations, though the committee meeting produced what the outlet described as several surprises. Warsh stated that monetary "medicine" is starting to work, according to Bloomberg.

• Bloomberg — Fed's Warsh Says Monetary 'Medicine' Starting to Work
• CNBC — Here are five key takeaways from the Fed rate decision and Warsh news conference

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