Fed rate decision: Kevin Warsh faces pressure to explain pause as US inflation rises
India, Oct. 28 -- The US Federal Reserve is widely expected to keep interest rates unchanged on Wednesday afternoon.The decision comes just a few days before the US midterm elections.
Federal Reserve Chair Kevin Warsh will have to explain why the central bank is not raising interest rates now, even though inflation is rising again. Investors will watch his comments closely to understand whether the Fed may raise rates in the coming months.
The latest data showed that prices in the US rose faster in September. This has raised concerns about whether the Fed can bring inflation under control.
Matt Luzzetti, chief US economist at Deutsche Bank, expects Warsh to say that rising inflation could force the Fed to raise interest rates in the fu...
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