# markets want to see how hawkish committee members were, especially after April’s higher-than-expected inflation reading.

*business · news · 2026-05-20 · The Financial Express*

## Key points

- Kevin Warsh has replaced Jerome Powell as US Fed Chair since May 15, 2026.
- Market expectations have shifted from two rate cuts in 2026 to a possible rate hike.
- April US CPI rose to 3.8% and PPI to 6%, their highest levels in years.
- President Trump publicly stated he will not interfere with Warsh's interest rate decisions.
- The next FOMC meeting under Warsh is scheduled for June 16-17 with a new dot plot release.

**Companies:** NVIDIA
**Countries:** United States, Iran

[Read the full story on The Financial Express](https://www.financialexpress.com/market/global-markets/fomc-meeting-minutes-releasing-today-will-they-give-clues-on-a-us-fed-rate-hike/4245812/)

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