Federal Reserve Chair Kevin Warsh said Friday he would not prejudge the central bank's decisions on interest rates at its October and December meetings. The Fed raised its key rate by a quarter-point to about 3.9% in September, its first increase in three years, and most officials expect another hike this year to cool stubborn inflation. Speaking with IMF Managing Director Kristalina Georgieva in Bangkok, Warsh stressed price stability but gave no new signals, while the September hike defied calls from President Donald Trump for cuts. He said AI-driven investment is one factor behind higher inflation but expects AI to bring huge benefits over time, and the Fed's AI task force meets Nov. 16.
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Related tickers and likely impact
DXY
• NeutralRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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