Warsh faces rate hike quandary in this week’s meeting

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Federal Reserve Chairman Kevin Warsh will face a challenge this week in deciding whether to raise interest rates as the central bank stares down high inflation and geopolitical uncertainty.

This will be Warsh’s second meeting leading the central bank, and his most challenging, as there appears to be a split on the Fed board over what should be done with interest rates. Investors are now uncertain about what the monetary policy committee will do, which is an infrequent occurrence.

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