Federal Reserve Chair Kevin Warsh declined to speculate on future interest rate moves at the IMF and World Bank annual meetings in Bangkok on October 16, while reaffirming the Fed's commitment to price stability. The Fed raised its key rate to 3.9% in September, its first increase since 2023, as consumer price inflation rose to 3.7%. Warsh called the AI boom probably the most important development in the global economy and said AI could fundamentally change monetary policy, and a Fed task force will hold a public hearing in November on AI's impact on the labor market. He also expressed optimism about the U.S. economy, while the article notes the Fed's moves have run counter to Trump's calls for rate cuts. The next Fed meeting is scheduled for October 27 and 28.
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Original headline: Fed Chair Warsh Avoids Speculation On Rate Hikes | Newsradio 970 KFBX - AM
Read the original on 970kfbx.iheart.com ↗
Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/15/2026 | 101.98 |
| Change that session | -0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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