Warsh to chair inaugural Fed meeting with inflation at 3-year high (opens original article in a new tab)

New Fed Chair Kevin Warsh will lead his first meeting as inflation hits a 3-year high, facing pressure to cut rates despite a divided committee and economic challenges.

• New Fed Chair Kevin Warsh will lead his first FOMC meeting amid inflation at a 3-year high and pressure to lower rates
• Warsh faces resistance from a divided committee and White House demands for rate cuts
• Analysts expect rates to remain steady but debate on future policy direction
• Fed's dual mandate to control inflation and employment complicates decision-making
• Warsh aims to reduce Fed communication about future decisions but may not change current practices