Warsh's Fed is likely to hold rates steady — what the leadership change could mean for your money

The Federal Reserve is expected to hold interest rates steady at its policy meeting this week — the first helmed by new Fed Chair Kevin Warsh — doing little to ease the affordability concerns plaguing many U.S. households. President Donald Trump 's pick to lead the central bank previously indicated he would consider cutting rates, but with the current inflation rate roughly double the Federal Reserve's 2% long-term target, the central bank may be more likely to consider hiking rates , experts …