Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike

Federal Reserve Chairman Kevin Warsh faces a tricky head count this week when he and his fellow policymakers decide on both the immediate and future path of interest rates. While markets have honed in on a near-certain quarter percentage point hike in Wednesday's vote, it's not at all clear how broad will be the margin among the 12 Federal Open Market Committee voters. Moreover, Warsh will have to decide how to message the move: Will this be the rare one-and-done on hikes, will there be more to come or will the chair maintain his cryptic posture in not trying to guide markets one way or the other?