Fed chair Warsh says price stability is key but shies away from signals about rates
BANGKOK — Federal Reserve Chairman Kevin Warsh said Friday he won’t prejudge what the U.S. central bank will do about interest rates at its upcoming meetings in October and December.
TL;DR
- Federal Reserve Chairman Kevin Warsh will not prejudge future interest rate decisions.
- The Fed's key interest rate was increased by a quarter-point to approximately 3.9% in September.
- This September increase was the first rate hike by the Fed in three years.
- Elevated U.S. inflation is likely to lead to further rate increases to slow spending and cool price pressures.