Fed chair Warsh says price stability is key but shies away from signals about rates
Warsh said the Fed remains focused on price stability and gave no hint on whether officials will raise rates again this year.
- 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.
95 Articles
95 Articles
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
Warsh offers no fresh signals on interest rates
Federal Reserve Chair Kevin Warsh declined Friday to predict central bank officials’ future course on interest rates, less than two weeks before they meet to discuss monetary policy. “I don’t prejudge meetings. I don’t believe in saying now what I might do at the meetings that we have in the balance of this year,” Warsh…
He did nothing to dissipate market expectations that the US central bank will keep interest rates unchanged when it meets at the end of the month
Coverage Details
Bias Distribution
- 35% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
