Fed Chair Warsh may face decision on reversing last year's rate cuts

Odaily News According to "Fed Whisperer" Nick Timiraos, last month, Warsh chaired his first meeting as Fed Chair, where the Fed unanimously decided to keep interest rates unchanged. In the coming weeks, some Fed officials have grown increasingly concerned about inflation, which could prompt discussions on raising rates at the July 28-29 meeting. This week, Warsh will testify before Congress and will have access to June's inflation data.