Fed Chair Warsh faces first rate decision June 17 (opens in new tab)

Federal Reserve Chair Kevin Warsh will lead his first Federal Open Market Committee meeting on June 16-17, with the interest-rate decision due June 17 and investors broadly expecting the Fed to leave rates unchanged. Warsh, President Trump's pick to lead the Fed, was sworn in on May 22 as the White House continues to press for lower borrowing costs. The case for a rate cut has weakened: U.S. inflation rose to 4.2% year over year in May, up from 2.4% in February and more than double the Fed's ...