Economy
Warsh promises firmness against inflation and disappoints expectations of lax policy
Fed Chairman Kevin Warsh warns he will not tolerate inflation above 2%, disappointing expectations of rate cuts despite Trump's pressures.
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Warsh's Fed keeps rates unchanged, but the dot plot anticipates a quarter-point hike before December amid internal division and a cooling economy.
Fed Chairman Kevin Warsh warns he will not tolerate inflation above 2%, disappointing expectations of rate cuts despite Trump's pressures.