Fed interest rate vote poses a test for Warsh as Iran war, tariff push send prices higher
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Will the Federal Reserve increase interest rates?.
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The Federal Reserve is widely expected to leave interest rates unchanged, but some believe inflation warrants a rate hike.
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CBS News' Kelly O'Grady has more.
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The Federal Reserve is set to consider whether to raise interest rates amid stubborn inflation pressures and oil price volatility.
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Inflation and affordability are top issues for the Federal Reserve's rate-setting committee as it votes on whether to raise interest rates or keep them steady.
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