Fed Chair Warsh Says Price Stability Is Key but Shies Away From Signals About Rates
Warsh said he would not prejudge the Fed’s next move as officials weigh inflation data and another possible rate increase this year.
- On Friday, Federal Reserve Chairman Kevin Warsh said he will not prejudge the central bank's upcoming interest rate decisions, speaking at a financial summit in Bangkok.
- The Federal Reserve's September rate hike to about 3.9% marked its first increase in three years, and stubbornly elevated U.S. inflation will likely force further rate increases in coming months.
- President Donald Trump criticized the Federal Reserve's rate-setting committee, though he still expressed support for Warsh, whom he appointed earlier this year.
- Warsh believes artificial intelligence will bring "huge benefit" to the global economy, and the Fed's AI task force will meet on Nov. 16.
- During a "fireside chat" with International Monetary Fund Managing Director Kristalina Georgieva in Bangkok, Warsh offered no fresh signals on the Fed's monetary policy path.
24 Articles
24 Articles
Fed chair Warsh says price stability is key but shies away from signal
BANGKOK (AP) — 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
Federal Reserve Chairman Kevin Warsh did not dispel market expectations that the central bank would keep interest rates unchanged at its meeting in late October, during a speech in Bangkok. The statement reduced market bets on further rate hikes, while stock markets started to rise, Bloomberg reports.
Warsh Boosts Market Expectations of Fed Rate Hold in October
“Not Going to Prejudge
Get latest articles and stories on Business at LatestLY. Federal Reserve Chairman Kevin Warsh has refrained from signalling the central bank's next interest-rate move, saying he would not "prejudge" policy decisions, while describing artificial intelligence (AI) as a “positive supply shock” for the economy over the medium term. Business News | “Not Going to Prejudge": Fed Chair Keeps Rate Outlook Open; Calls AI "positive Supply Shock".
The Economic Times
Times of IndiaUS Market: Fed Chair Warsh offers no signal on October interest-rate decision
Federal Reserve Chair Kevin Warsh gave no signal on whether the US central bank would change interest rates at its October 27-28 meeting, reiterating its commitment to price stability. Markets await further clues from economic data and policymakers on the rate outlook.
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