U.S. Federal Reserve leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’ - bnnbloomberg.ca

WASHINGTON — The Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favor of higher rates as the central bank wrestles with how to deal with persistently high inflation. The Fed’s rate-setting committee reached its decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6 per cent. Some economists and Wall Street analysts had predicted the Fed would hike its rate by a quarter point. But while the decision to stand pat could be seen as good news for consumers, they might no…