US Federal Reserve Chair Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on September 16, 2026.

Saul Loeb | Afp | Getty Images

Federal Reserve officials enter this week's policy meeting amid a critical debate over what the centraL bank can, should and will do to address an inflation problem that shows no immediate sign of going away.

When the rate-setting Federal Open Market Committee does release its decision Wednesday, markets overwhelmingly expect no change in benchmark interest rates following September's quarter percentage point rate increase .

Investors will be looking closely, though, for clues about future moves from policymakers, and Chairman Kevin Warsh in particular.

Brett Ryan, senior U.S.…