Incoming Fed chairman Kevin Warsh will inherit an increasingly hawkish crew of central bankers. Read more at straitstimes.com. Read more at straitstimes.com.

A majority of officials anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation.

Federal Reserve minutes show growing concern that inflation driven by the Iran war could persist above the 2% target, prompting discussions around possible future rate hikes.…