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Fed holds policy steady as Warsh faces market scrutiny
The Wall Street Journal Markets reports that the Federal Reserve held its policy steady, but market attention turned to governance concerns tied to Warsh.
The outlet frames the situation as a balance between a no-change Fed decision and uncertainty around Warsh that has weighed on sentiment.
Beyond the Fed action, the story centers on how market participants are reacting to the perceived friction in the policy process.
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WSJ MarketsFed Holds but Warsh Hobbles Market