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Fed chair Kevin M. Warsh faces pressure to raise rates

Inflation is still described as elevated, keeping the debate over higher interest rates focused on cooling prices.

Reported · Written up by our desk · Central Banks

The New York Times reports that Kevin M. Warsh, who is presiding over his second meeting as chairman of the Federal Reserve, is under pressure to raise interest rates.

The outlet links that pressure to the fact that inflation remains elevated, shaping expectations for the central bank’s decision.

Warsh’s meeting is therefore framed as a key moment for determining whether policy will move further in the direction of tightening to address persistent inflation.

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