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Fed's policy decision was unanimous

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Wednesday's decision from policymakers to hike rates for the ninth consecutive time was unanimous. No policymaker has voted against a decision since June last year.

Fed officials raised overnight lending rates to a range of 4.75% to 5%, their highest level since September 2007. That sends a clear message that restoring price stability remains a top priority.

This was the first vote for the committee's newest member, Chicago Federal Reserve President Austan Goolsbee.



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Wednesday's decision from policymakers to hike rates for the ninth consecutive time was unanimous. No policymaker has voted against a decision since June last year.

Fed officials raised overnight lending rates to a range of 4.75% to 5%, their highest level since September 2007. That sends a clear message that restoring price stability remains a top priority.

This was the first vote for the committee's newest member, Chicago Federal Reserve President Austan Goolsbee.



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Analytical WritingConcept WritingPersuasive WritingPolicy DevelopmentSelf Publishing

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