Warsh Testifies on Fed Rate Strategy
Jerome Powell's departure cleared after an investigation was dropped.
President Trump expects interest rates to fall, but Warsh acknowledges a short window to lower inflation.
Rising gas prices caused March inflation to reach 3.3%, above the 2% target.
Warsh must persuade 11 Fed voters to lower borrowing costs.
Treasury Secretary Scott Bessent said the Fed can wait for clarity before rate cuts.
1 day ago