Economic TimesLean R·
US Stock Market: Fed’s inflation fight puts Kevin Warsh’s credibility to the test
The US Federal Reserve faces a tough policy decision as Chair Kevin Warsh weighs a potential rate hike to strengthen its inflation-fighting stance against the need to support an uncertain economy. While higher rates could help bring inflation back toward the 2% target, mixed labour market signals and energy price risks from the US-Iran conflict are pushing the Fed to remain cautious.
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