Fed Chair Warsh sees US economic strength, stays silent on near-term rates
Briefing by News4U · First published
Kevin Warsh voiced optimism about US growth and global resilience at IMF meetings but gave no signal on October or December rate moves.
Federal Reserve Chairman Kevin Warsh said the US economy shows resilience and investment tailwinds, while global central banks face a common inflation challenge after synchronized tightening. [2]
Warsh declined to preview policy at the October or December meetings, leaving market expectations unchanged that the Fed will not raise rates this month. [1] [2] [3] [4]
Gold prices edged higher as traders reduced bets on an imminent Fed hike following his remarks. [5] [6]
Sources
- Warsh Vows to Tame Inflation as A.I. Delivers ‘Shock’ to Economy
NY Times · · Summary only
- Fed's Warsh sees US economic tailwinds
RTÉ Business · · Full text
- When Will the Fed Move on Rates?
NY Times · · Summary only
- Fed chair Warsh says price stability is key but shies away from signals about rates
Japan Today Business · · Summary only
- Gold Edges Higher as Traders Ease Rate-Hike Bets on Warsh Speech
Bloomberg · · Summary only
- Gold Edges Higher as Traders Weigh Fed Rate Hike Expectations
WSJ Markets · · Summary only