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

Odaily Planet Daily News According to "Fed Mouthpiece" Nick Timiraos, last month, Warsh presided over his first FOMC meeting as Fed Chair, where the committee unanimously decided to hold interest rates steady. In the coming weeks, as some Fed officials grow more concerned about inflation, there may be a push to discuss rate hikes at the July 28-29 meeting. This week, Warsh will testify before Congress and will have the June inflation data at his disposal.