Warsh seeks to keep Fed steady amid Iran price pressures, internal divides
Officials expect rates to stay unchanged as inflation pressures from energy, tariffs and AI spending keep debate over a possible hike alive.
- The Federal Open Market Committee meeting began Tuesday, with Federal Reserve Chairman Kevin Warsh facing a defining decision on whether to raise interest rates to reinforce his inflation commitment.
- Resurging conflict in the Middle East has pushed gas prices above $4 a gallon, complicating efforts by the Fed to prevent specific price increases from 'broadening out' across the economy.
- Within the Fed, officials remain divided; Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack favor hikes, while Vice Chair Philip Jefferson, New York Fed President John Williams, and Governor Christopher Waller prefer waiting.
- Market data shows a 68.5% probability the Fed holds rates steady, though a rate hike could provoke ire from President Donald Trump, who appointed Warsh.
- Warsh has emphasized having "no tolerance" for elevated inflation and intends to "emphatically end the forward guidance era" established by predecessors, signaling a strategic departure from prior Fed practice.
36 Articles
36 Articles
Fed boss Warsh warns against rising inflation risks, but has not acted so far. Now it has to be shown whether the US Federal Reserve reacts in time - or repeats an old mistake. By Angela Göpfert.
Inflation clouds Fed decision despite hold expectations
The US Federal Reserve is expected to maintain current interest rates on Wednesday. Analysts anticipate some policymakers may dissent, advocating for a rate increase. Surging inflation, fueled by President Donald Trump's actions, is a significant concern for many. Policymakers worry about inflation expectations becoming unmoored from the two percent target. The central bank aims to prevent a repeat of past inflation episodes.
Channel News Asia
US Fed expected to hold rates steady as inflation hawks circle
WASHINGTON: The US Federal Reserve is expected to hold interest rates steady on Wednesday (Jul 29), but with surging inflation fuelled by President Donald Trump's war on Iran, analysts say some policymakers will dissent in favour of a rate hike.After two days of closed-door sessions, the Fed's open market com
LancasterOnline
Independent EspañolWASHINGTON (AP) — The Federal Reserve is expected to keep its key interest rate unchanged when it meets on Tuesday and Wednesday, but the agency's president, Kevin Warsh, is facing increasing pressure to raise...
If the new president of the Federal Reserve (Fed, the central bank of the United States), Kevin Warsh, wanted a good family shelter among the members of the monetary policy committee, he succeeded, reports The Wall Street Journal. According to the publication, Warsh would be suffering with some degree of resistance to his changes within the monetary authority, such as the implementation of task forces, especially by director Christopher Waller. …
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