Counting the Votes: Warsh Faces a Tough Battle as the Fed Girds for Expected Interest Rate Hike The Federal Reserve convenes this week, with Chairman Kevin Warsh facing a daunting task: managing interest rates amidst rising inflation.
Markets anticipate a quarter point hike, but the question is not whether rates will rise, but how broad the margin among FOMC voters will be.
The Fed's decision making process is often opaque, with policymakers walking a fine line to avoid pre empting market expectations or sending mixed signals.