Fed Chairman Warsh: No one on the committee wants a rate hike

Federal Reserve Chairman Kevin Warsh stated at an FOMC press conference that no one within the Fed wants to raise interest rates in the short term. Responding to a question on whether current data supports a rate hike, Warsh said that not a single one of the 19 members present agreed with such an assessment. He added that the committee will reconvene in six weeks to revisit the issue.