Fed Chair Kevin Warsh said he would not speculate on future interest rate changes at the IMF and World Bank annual meetings in Bangkok on Friday, October 16, stressing the Fed's commitment to price stability but offering no hints on upcoming decisions. The Fed raised its key rate to 3.9% in September, its first increase since 2023, as consumer price inflation rose to 3.7%, fueling speculation of further hikes. Warsh called the AI boom probably the most important development in the global economy, saying it 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 the U.S. economy will come out stronger, even as the Fed's moves defy President Donald Trump's calls for rate cuts. The next rate meeting is scheduled for October 27 and 28.
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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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