Warsh vs. Trump: Fed Faces Showdown Over Interest Rates

Kevin Warsh is set to face off against President Donald Trump as the Federal Reserve prepares to raise interest rates, despite the president's long-standing pressure on the Fed to lower borrowing costs.

The showdown comes this month under Warsh's leadership as chairman of the Federal Reserve Board of Governors. The exact timing and amount of the rate hike are not specified in the source.

Trump has been vocal about his desire for lower interest rates, but the Fed is expected to follow its usual economic indicators and data-driven approach to make decisions on monetary policy.