Why the Warsh Fed sees interest rate hikes ahead

Federal Reserve Chairman Kevin Warsh signaled the committee is holding rates steady, but the next move is likely to be a hike due to elevated inflation, partly blamed on the Iran war. The tone marks a shift from his earlier calls for regime change at the Fed. - Fed in a holding pattern on interest rates - Committee strongly inclined to raise rates next - Inflation outlook raised significantly from March - Iran war cited as a factor for persistent inflation - Warsh's tone shifted from regime change talk to praising internal dialogue - No clear timeline given for when inflation pressures may abate