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On the evening of June 15, before the first day of his first policy meeting as Federal Reserve chairman, Kevin Warsh sat down to dinner with the 18 officials who set interest rates alongside him. Gathered around a rectangular table, he announced his plan: five panels of outside experts would spend the next few months e
Federal Reserve Chair Kevin Warsh used his first international appearance to reaffirm the central bank’s fight against inflation, telling a packed policy panel at the European Central Bank’s Sintra forum on Wednesday that “prices are too high,” while pointedly refusing to hand markets a signal on the July meeting. • SP