Warsh's credibility is on the line this week as Trump policies put pressure on Fed to hike

What happened

Summary: CNBC reports Warsh's credibility is on the line as Trump policies pressure the Fed to hike, with traders pricing a rate increase and Warsh facing a tough vote battle.
Key point: CNBC headline says Warsh's credibility is on the line this week as Trump policies put pressure on the Fed to hike.
Key point: CNBC reports traders priced a better than 92% probability of a rate increase and more than 75% chance of another in December.
Key point: CNBC headline says Warsh faces a tough battle as the Fed girds for an expected interest rate hike.
Qualification: CNBC snippet cites inflation above target and no visibility on lower oil prices or tariff stability as context for the Fed chairman's test.