Fed decision in focus as uncertainty grows over Warsh's next move

Fed decision in focus as uncertainty grows over Warsh's next...BusinessMarkets expect rates to remain unchanged, but lack of guidance keeps investors on edgeThe Federal Open Market Committee (FOMC) is scheduled to announce its policy decision at 2 p.m. EDT (1800 GMT), with Warsh due to hold a news conference 30 minutes later. Unlike previous Fed leadership, Warsh has adopted a limited-guidance approach, offering few clues about future policy direction. Split among policymakersSince then, several Federal Reserve officials have expressed concern that inflation remains too high. Dallas Federal Reserve President Lorie Logan and Cleveland Fed President Beth Hammack have both indicated support for tighter monetary policy to ensure inflation returns to target. Focus on Warsh's messageMore than the rate decision itself, investors will be closely watching Warsh's press conference for clues about future policy direction.