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Fed Chair Warsh May Face the Decision of Whether to Reverse Last Year's Rate Cuts
Svmuu News: Nick Timiraos, known as the “Fed’s mouthpiece,” wrote that last month, Warsh presided over his first meeting as Fed Chair, during which the Fed unanimously decided to keep interest rates unchanged. In the coming weeks, growing concerns about inflation among some Fed officials may prompt discussions on raising interest rates at the July 28–29 meeting. This week, Warsh will testify before Congress and will have access to the June inflation data.
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