Political Spotlight Shines on Warsh for His 1st Fed Meeting
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The market is nearly unanimous that the Fed will hold rates steady. But Warsh could move the market depending on what he says about rates.
This is CNBC's live blog covering the Federal Open Market Committee decision and Chairman Kevin Warsh's first press conference. Federal Reserve Chairman Kevin Warsh's first meeting at the helm Wednesday could be more significant for what doesn't happen than what does.
Tom Barkin, who’s led the Federal Reserve Bank’s Fifth District since 2018, this week will attend his first interest-rate meeting with Kevin Warsh at the helm of the powerful central bank.
The bond market wants Fed chair Kevin Warsh to rein in inflation by increasing benchmark interest rates at the central bank.
The president said Wednesday he is happy with inflation at 4.2%. That will be welcome news for new Fed Chair Kevin Warsh.
Kevin Warsh will hold his first policy meeting next week with inflation at a three-year high and a president who expects lower borrowing costs.
