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Federal Reserve Chair Kevin Warsh announced Wednesday that the central bank will hold fewer interest rate-setting meetings going forward, marking the biggest institutional change since he took over the Fed in May. The Federal Open Market Committee (FOMC), the panel that sets monetary policy, will continue to meet eight times a year, but one meeting in 2027 and two in 2028 will focus
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The Federal Reserve on Wednesday voted to keep interest rates unchanged, its final monetary policy decision before the midterm elections.
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