Warsh Faces First Big Test as Fed Chair

Federal Reserve policymakers are expected to hold interest rates steady on Wednesday, posing an early test for new chairman Kevin Warsh as rising inflation erodes households’ purchasing power and President Donald Trump continues to press for lower borrowing costs.

Robert Kaplan, Vice Chairman at Goldman Sachs, discusses what to expect from Kevin Warsh's first meeting as Fed chair and his outlook for markets after the FOMC decision. (Source: Bloomberg)