The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Gabriel Rubin

WASHINGTON, May 27 (Reuters Breakingviews) - Investors expect the US central bank to hold steady until at least November. But with war-boosted producer prices already rising 6% and more ugly data to come, there's a case for moving sooner. Tighter policy would also help restore new Chair Kevin Warsh's independent bona fides.

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CONTEXT NEWS

A majority of Fed policymakers at their April ‌28-29 meeting felt "some policy firming would likely become appropriate" if inflation stays persistently above the central bank's 2% target, according to minutes of the meeting released on May 20.

Federal Reserve Chair Kevin Warsh was sworn into his role on May 22 by President Donald Trump, who has pushed his nominee to lead the central bank to cut interest rates.