Fed chair Warsh says price stability is key but shies away from signals about rates
Warsh said the artificial intelligence boom is lifting prices now and declined to say whether the Federal Reserve will raise rates again this month.
- On Friday, Federal Reserve Chairman Kevin Warsh stated in Bangkok that he will not prejudge interest rate decisions for the central bank's upcoming October and December meetings.
- Speaking with International Monetary Fund Managing Director Kristalina Georgieva at the IMF-World Bank Annual Meetings, Warsh observed a "synchronous tightening in monetary policy in most places around the world."
- Stubbornly elevated U.S. inflation hit 3.7% in September, driving the Federal Reserve's recent rate hike to roughly 3.9%, with officials indicating further increases are likely this year.
- While identifying artificial intelligence as a "huge benefit" to the global economy, Warsh acknowledged that the investment surge is contributing to higher inflation pressures.
- To address data lags in assessing inflation trends, Warsh noted that Fed economists may soon utilize new analytical tools to distill information, positioning artificial intelligence as a transformative resource.
116 Articles
116 Articles
Fed chair Warsh says price stability is key but deflects on rate signals
Federal Reserve Chairman Kevin Warsh said Friday he won’t prejudge what the U.S. central bank will do about interest rates at its upcoming meetings in October and December. The Fed increased its key interest rate by a quarter-point to about 3.9% in September, its first increase in three years, and stubbornly elevated U.S. inflation will likely lead it to hike that rate again in coming months to slow spending and help cool price pressures. But Wa…
Traders bet on October interest-rate hold after Kevin Warsh is tight-lipped at conference
Federal Reserve Chair Kevin Warsh stayed mum Friday on the path for interest rates, even after hot inflation data this week – which traders took as a sign officials will hold rates steady this month.
at the probability of a brake on interest rates 85 per cent after the Fed president's intervention in the IMF
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