Kevin Warsh took an important step toward becoming the next chair of the Federal Reserve. The central bank announces its latest rate decision later in the day, in what could be the final meeting chaired by Jerome Powell.
The combination of higher inflation and slower growth is particularly challenging for the Fed, and has prompted policymakers to endorse holding interest rates steady in a range of 3.5 percent to 3.75 percent for an extended period.
On Wednesday, the ... [30396 chars]