Dutta says Warsh can secure committee consensus in July but may lose it by September as hawks Hammack and Logan grow more dominant. Neel Dutta of Renaissance Macro Research argued on Bloomberg that the Federal Reserve should hike rates this month. A rate hike would mark a decisive reversal, and Dutta thinks Chairman Kevin Warsh has a narrow window to act on his own terms. "If you have one good month of inflation data, but you know the next two months will be bad, you might as well just do it now," he said. Committee Control and the "Bigger Fish to Fry" AngleBeyond inflation math, Dutta framed the July decision as a test of leadership.