Warsh under pressure as Fed weighs rate hike

The central bank is widely expected to raise interest rates on Wednesday, less than two months before the midterm elections.

Warsh's words may matter more than the anticipated Fed rate hike Reuters

Federal Reserve Chair Kevin Warsh finds himself in a tricky position as the central bank commences its September meeting, as rising expectations of an interest rate hike clash with President Trump’s demands for cuts.

Look past the interest-rate forecasts and you'll see a major rethinking under way at the central bank.