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The Federal Reserve held interest rates unchanged at its latest policy meeting — the first chaired by Kevin Warsh since he took the helm of the central bank — as policymakers contend with a fresh wave of inflationary pressure.
For investors attempting to read the Fed's next move, Warsh's debut on the dais matters as much as the decision itself.
The meeting is expected to offer early clues about how the new chairman intends to navigate monetary policy for the remainder of the year.
A New Chair, an Old Problem Warsh inherits a central bank facing a familiar dilemma: price pressures that have re-accelerated at an inconvenient moment.
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