Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation

The Federal Reserve is widely expected to keep its key interest rate unchanged during its upcoming Tuesday and Wednesday meetings in Washington. Despite the anticipated hold, Federal Reserve Chair Kevin Warsh faces mounting pressure to implement near-term interest rate hikes to combat inflation.

This pressure places Warsh in a delicate position, as raising rates could provoke political ire from President Donald Trump. Notably, President Trump is the one who appointed Warsh to lead the central bank.