Warsh faces rate hike pressure at FOMC meeting

Kevin Warsh's inaugural Federal Open Market Committee meeting as Fed chair will be closely watched for his policy direction. Investors and analysts will be scrutinizing his statements for clues on whether he will prioritize aggressive interest rate hikes to combat persistent inflation or adopt a more dovish stance to avoid economic slowdown. The White House's influence on his decisions is also a key point of interest, potentially creating a delicate balancing act for the new chair.