Warsh: "Politics played no role in the decision"

Video Executive Summary

Federal Reserve Chair Kevin Warsh said politics played "no role" in the central bank's decision to hold interest rates steady less than a week before the midterm elections. "Politics played no role in the decision," he told reporters at a news conference following the Fed's two-day policy meeting. "I didn't hear a reference to politics, elections, what's happening in the next week or so." Chair Warsh said the decision to hold rates at 3.75%-4% would give policymakers more time to assess economic conditions before determining their next move. #fedchair #kevinwarsh #interestrates #cspan

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