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Fed Raises Rates to Battle Inflation | Monroe Louisiana News
The Fed just raised rates for the first time in three years, hitting 3.75% to 4%, aiming to tame stubborn inflation still hovering above their 2% target. With Iran’s conflict rattling oil markets and expectations already set, this move signals a serious push to cool the economy. Chair Kevin Warsh underscored the Fed’s independence and warned that financial conditions remain too loose. Most officials expect at least one more hike this year, with inflation now projected to reach 2% only by 2029 — a sobering timeline. Warsh reminded us that stable prices are vital for everyday families, ensuring…
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