[Walsh Faces First Major Decision: Whether to Reverse Last Year’s Fed Rate Cuts] Jin10 News, July 13 – An article by the 'Fed's Mouthpiece' Nick Timiraos states that last month, Walsh chaired his first meeting as Federal Reserve Chair, during which it was unanimously decided to keep interest rates unchanged. Reaching a consensus at that time was relatively easy, as there was little appetite for action within the committee. However, maintaining this consensus will become more challenging in the coming weeks. Some of his colleagues have grown increasingly concerned about inflation, and they may push for discussions on raising interest rates during the Fed’s July 28-29 meeting. This week, during his testimony before Congress, Walsh will have the opportunity to guide the formation of this consensus. By then, he will have access to the latest inflation data for June—one of the last key data releases before the meeting.