Fed Chair Kevin Warsh said on Friday, October 16, that he would not speculate on future rate changes at the IMF and World Bank annual meetings in Bangkok, while stressing the Fed's commitment to price stability. The Fed raised its key rate to 3.9% in September, its first increase since 2023, and CPI inflation rose to 3.7% that month, fueling speculation about further hikes. Warsh said AI is likely the most important force shaping the global economy, one that could fundamentally change monetary policy and the real economy, and a Fed task force will hold a public hearing in November on AI's impact on the labor market. He remained optimistic that the U.S. economy would emerge from the challenges stronger. The Fed's actions have defied President Donald Trump's calls for rate cuts; Trump backs Warsh but has criticized the rate-setting committee, and the next meeting is on October 27 and 28.
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Related tickers and likely impact
DXY
• NeutralRelevance: medium
| 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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