Contradictory Statements from Kevin Warsh

FOMC held rates steady today. Fed Chairman Kevin Warsh said inflation is still running too hot and above target, yet the FOMC still held rates steady by vote 10-2. He also said the decision wasn't politically motivated. Yeah right. We all knew the FOMC was going to hold rate steady right before the midterm despite inflation running "too hot" and "above target" for too long. Don't need to lie to us. -Day-4957

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