Nick Timiraos wrote that Warsh, in his first meeting as Federal Reserve chair last month, led a unanimous decision to keep interest rates unchanged. In the coming weeks, growing inflation concerns among some Fed officials could push a discussion of rate hikes at the July 28-29 meeting. Warsh is also set to testify before Congress this week and will have June inflation data in hand. The report frames the next policy meeting as a potential test of whether the Fed sticks with its current stance or opens debate on reversing last year’s easing moves. Timiraos, often referred to in Chinese crypto media as the Fed’s “mouthpiece,” was the named source in the Odaily brief.
Nick Timiraos wrote that Warsh chaired his first meeting as Federal Reserve chair last month, when policymakers unanimously decided to leave rates unchanged.
According to Timiraos, inflation worries among some Fed officials could intensify in the coming weeks and may lead to discussion of a rate hike at the July 28-29 meeting.
Warsh is also scheduled to testify before Congress this week and will have June inflation data available.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
