US Federal Reserve Chair Kevin Warsh to Lead First Rate Meeting Amid High Inflation and White House Pressure

US Federal Reserve chief Kevin Warsh will chair his first Federal Open Market Committee (FOMC) meeting next week, facing a challenging environment with inflation at a three-year high and persistent pressure from the White House to lower interest rates. The FOMC is widely expected to hold rates steady, currently between 3.5% and 3.75%, but debate is anticipated on future policy guidance, with market forecasts shifting towards a potential rate hike by December due to inflation concerns exacerbated by the US-Iran conflict.