Seven weeks ago, Warsh took questions from the media, and it didn't go well. Markets sold off as he seemed vague and evasive about the reasoning behind the latest interest rate decision. Wednesday, he gets a do-over.

Hassett: White House Will '100% Support' Warsh for Whatever Rate Decision

With August core inflation sticking higher than expected and markets pricing in a rate hike, Fed Chair Kevin Warsh faces intense pressure to raise rates at the upcoming meeting, testing his independence and credibility.

Kevin Warsh is ushering in big changes as Fed Chairman, but Wall Street can't help but look for hints about the future; it might be right this time.

Fed Chair Kevin Warsh faces a rates trap as inflation stays above 3%, markets price in a September hike, and political pressure mounts for lower

Central banks from much of the Group of Seven face a pivotal week as mounting inflation risks heap pressure on them to raise interest rates.

"Look, the president understands—he and I have talked about it quite a bit—... the bond market has taken out more governments than howitzers."