Fed Chair Kevin Warsh faces first rate test (opens in new tab)

Kevin Warsh is chairing his first Federal Reserve policy meeting June 16-17, and investors widely expect the central bank to leave rates unchanged even though inflation has moved back above the Fed’s 2% target. The meeting follows President Trump’s late-January nomination of Warsh, who had favored lower rates, while bond markets and economists are focused on whether the Fed may eventually need to raise rates to contain price pressures. Marketplace said the consumer price index rose 4.2% in Ma...