Fed Meeting Expected to be 'One of Most Unpredictable in Years'
The Federal Reserve is gearing up for its meeting on Tuesday and Wednesday, amidst mounting pressure from President Trump to lower interest rates. The Wall Street Journal has described this week's meeting as 'one of its most unpredictable in years.'
One major concern driving the Fed's decision-making process is the ongoing crisis with Iran, which has led to a spike in oil and gas prices. This has heightened the risk of inflation in the US, a factor that the Fed will need to carefully consider.
The new Federal Reserve chairman, Kevin Warsh, is facing pressure from the President to take action on interest rates, but it remains to be seen how he will respond.