Uncertainty creeps into Fed’s rate decision as Warsh keeps his cards hidden

At the same time, Warsh won backing from all his colleagues at the June 16-17 meeting to leave the Fed’s benchmark interest rate in the 3.50%-3.75% range. Price pressures, however, have eased since Fed policymakers gathered last month. RATE CUT NOT IN THE CARDSA rate hike would not likely be welcomed in the White House. “We should have the lowest interest rate in the world,” Trump told reporters aboard Air Force One on Monday. The possibility of a rate cut has garnered almost no backing from Fed policymakers.