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Warsh says he won't signal Fed's next rate move; investors expect a hold

Fed Chair Kevin Warsh said Friday he won't prejudge the Fed's October and December meetings, and investors still expect rates to hold in October.

Posted Updated (17 d ago)

Federal Reserve Chair Kevin Warsh said Friday he will not prejudge what the central bank does on interest rates at its remaining meetings this year, in October and December, according to PBS NewsHour. He spoke less than two weeks before officials meet.

The Hill quotes him saying he doesn't prejudge meetings and doesn't believe in saying now what he might do at them. PBS NewsHour reports he said price stability is key but avoided giving signals about rates.

CNBC reports investors expect the Fed to pause rate hikes in October. It says Warsh's rejection of traditional communications practices, along with his continued concern about inflation, leaves the decision uncertain.

The New York Times reported that Warsh suggested he would not push to raise borrowing rates this month. It added that persistent inflation may force the Fed's hand.

NBC News had flagged his Friday morning speech in Bangkok, which was late Thursday night in New York, as a possible source of clues.

Reported by

  1. NBC NewsWill the Fed raise interest rates this month? A Kevin Warsh speech could offer cluesThu, Oct 15, 3:59 PM EDT
  2. The New York TimesWhen Will the Fed Move on Rates?Fri, Oct 16, 8:00 AM EDT
  3. The HillWarsh offers no fresh signals on interest ratesFri, Oct 16, 10:31 AM EDT
  4. CNBCAnalysis: Everyone expects the Fed to hold rates in October. Kevin Warsh could surprise us allFri, Oct 16, 11:38 AM EDT
  5. PBS NewsHourFed chair Warsh says price stability is key but shies away from signals about ratesFri, Oct 16, 1:21 PM EDT

This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.

Earlier versions (3)
  1. Fri, Oct 16, 11:45 AM EDT, 4 outlets: Warsh won't say what Fed will do on rates; investors expect a hold
  2. Fri, Oct 16, 11:01 AM EDT, 3 outlets: Warsh declines to say what the Fed will do on interest rates
  3. Fri, Oct 16, 8:05 AM EDT, 2 outlets: Fed Chairman Warsh signals he won't push for a rate increase this month