Fed Chair Faces Pressure to Steady Interest Rates

An AP News article

The Federal Reserve is expected to keep its key interest rate unchanged when it meets Tuesday and Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald Trump, who appointed him.

The Iran war has reignited, pushing oil and gas prices higher — a trend that will worsen inflation in the coming months. Soaring investment in the artificial intelligence buildout is raising the cost of laptops, smart phones and electricity. And price hikes from tariffs could be in the pipeline after Trump imposed new duties on dozens of U.S. trading partners.

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