Fed meeting updates: The FOMC's interest rate decision is the closest call in months

Kevin Warsh made a strong first impression. The new chair of the Federal Reserve took the helm this summer and has since announced plans to overhaul the central bank’s approach to economic data and communications.

Wednesday’s decision is the first in months in which there’s uncertainty about what the central bank will do. In response to a persistent inflation problem, the Federal Open Market Committee is likely to either hold rates steady or hike them by a quarter point.

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