Fed’s Warsh faces first rate decision with benchmark at 3.6% (opens in new tab)

Federal Reserve Chair Kevin Warsh is expected to preside over his first rate decision on Wednesday, with policymakers expected to hold the benchmark rate steady and leave the target range at 3.50% to 3.75%, or about 3.6%, for a fourth straight meeting. The FOMC decision is due at 2 p.m. Washington time, followed by Warsh’s first post-meeting news conference as chair. Warsh took over after Jerome Powell last month and has said the Fed will remain “strictly independent,” while President Trump h...