Warsh promises FOMC ‘will deliver price stability’ after interest rate vote

The Federal Open Market Committee recorded its first interest rate vote under new Fed Chairman Kevin Warsh and its first unanimous vote in nearly a year, electing to maintain the federal funds target range at 3-1/2 to 3-3/4 percent. Dodd Frank Update turned to First American Deputy Chief Economist Odeta Kushi for insight about what the move could signal for the months ahead.