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Fed chairman nominee Kevin Warsh faces decision on rate hike

Warsh has said the Fed has no tolerance for elevated inflation, setting up a potential push for a higher interest-rate decision at this week’s meeting.

Reported · Written up by our desk · Central Banks

Kevin M. Warsh, newly positioned as the next Fed chairman, faces what the New York Times describes as his biggest test as the Federal Reserve weighs policy this week.

Warsh has previously said the Fed has no tolerance for elevated inflation, according to the report, making the question of whether to support an interest-rate increase central to his approach.

The outcome of the policy meeting would determine whether the Fed moves to raise rates, or instead holds steady despite inflation concerns.

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