The Fed Held Interest Rates Steady for a 2nd Straight Meeting Under Kevin Warsh, With 3 Officials Dissenting. Here's What Investors Should Expect Next.
Signs point to a potential change that may need to be made in September.
Overview
Kevin Warsh took over as chair of the Federal Reserve (Fed) in May, and at the two meetings since, the Fed has kept interest rates steady at 3.5%-3.75%, with the most recent meeting on July 29.
Unlike the first meeting, where the vote was unanimous, the July 29 decision came on a 9-3 vote. It's the most dissent in a decade, and Warsh alluded to the disagreements, saying, "I asked for a good family fight, and I got one."
Details
So, with a divided Fed and more geopolitical uncertainty seemingly every passing day, what should investors expect next? Let's take a look.
Source
Originally published at www.fool.com.
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