July 29 — According to CNBC, most market observers expect Federal Reserve Chairman Kevin Warsh to leave interest rates unchanged at this week's FOMC meeting. Former bank analyst Meredith Whitney also noted that U.S. consumers are facing rising energy costs and a slowdown in credit card spending, adding that the Fed still has time to monitor economic developments. The report said that despite ongoing market concerns over inflationary pressures, Warsh prefers to wait for more data. He previously stated that rising energy prices are a supply shock and should not automatically trigger monetary policy adjustments, and he believes that cost increases stemming from AI investments may not necessarily evolve into persistent inflation. Additionally, Warsh has recently established multiple external expert working groups to drive reforms in the Fed's policy framework, inflation assessment, and balance sheet. Analysts believe that a premature rate hike before these reforms are completed could weaken his room for policy adjustments, while political pressure from the Trump administration's continuous calls for rate cuts also makes it more likely that Warsh will keep rates unchanged and continue to deliver hawkish signals to retain flexibility for future policy.