(FILES) US Federal Reserve Chair Kevin Warsh testifies during a Senate Banking Committee hearing titled "The Semiannual Monetary Policy Report to the Congress" on Capitol Hill in Washington, DC, on July 15, 2026. The US Federal Reserve goes into a key rate-setting meeting this week, with the Federal Open Market Committee (FOMC) meeting scheduled for September 1516, 2026. Markets are expecting policymakers to pull the trigger on a rate hike to tackle persistently high inflation -- and analysts say central bank chief Kevin Warsh's credibility is on the line. The world's largest economy has been dealing with years of higher-than-target inflation, and prices have surged in the wake of US President Donald Trump's war on Iran, his signature tariff policies and the ongoing AI boom. (Photo by Ken Cedeno / AFP via Getty Images)