Fed Chair Warsh May Face Decision on Reversing Last Year’s Rate Cuts

Odaily reported that Nick Timiraos, known as the "Fed whisperer," said last month, Warsh chaired his first meeting as Fed Chair, during which the Fed unanimously decided to keep interest rates unchanged. In the coming weeks, some Fed officials’ concerns over inflation have intensified, potentially prompting discussions on rate hikes at the July 28-29 meeting. This week, Warsh will testify before Congress and will have access to June’s inflation data.