WASHINGTON, After opening the door to higher interest rates last week, U.S. Federal Reserve Chairman Kevin Warsh has to decide how to follow through with actions the public and investors will see as both consistent with his own words and independent of President Donald Trump's wishes.
Failing those tests could be a blow to the new Fed chief's credibility. Passing them may mean a rate hike later this month, a powerful signal from the U.S. central bank's policy committee - less than two months before key congressional elections - that Trump has failed to contain inflation and will not get the Fed's help in lowering borrowing costs on the rising national debt.
