Trump's Fed Pick Kevin Warsh Takes Over First FOMC Meeting

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The Federal Reserve enters a new chapter Wednesday as Kevin Warsh, President Trump’s pick to lead the central bank, chairs his first policy meeting.

Warsh will also hold his first news conference after the meeting. Markets are watching closely for any shift in tone or policy direction.

Analysts are asking how much longer the Fed can stay above its own inflation target. Interactive Brokers senior economist José Torres and Aristotle Pacific portfolio manager Jeff Klingelhofer have both weighed in on the timing of any rate moves.

For Nigerian traders and investors, the outcome of this meeting could affect dollar-naira exchange rates and global capital flows.

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