Fed Chair Warsh Says He Won’t Prejudge Future Rate Decisions, Cites Too Little Evidence of Inflation Progress
Summary
- Kevin Warsh, chair of the U.S. Federal Reserve, said he would not prejudge future monetary policy decisions, including on interest rates.
- Warsh said policymakers would determine the direction of policy based on upcoming economic data.
- He said there had been little evidence of inflation improvement showing that price trends were meeting the Fed’s standard.
Forecast Trend Report by Period
Kevin Warsh, chair of the U.S. Federal Reserve, said he would not prejudge future monetary policy decisions, including on interest rates, and that there is still too little evidence that inflation has improved enough.
Walter Bloomberg reported on September 16 that Warsh said he would not “prejudge any future decision” and that policymakers would determine the course of policy based on upcoming economic data.
He added that there had been little information showing inflation trends were meeting the Fed’s standard.
Warsh declined to comment on discussions with U.S. President Donald Trump.
reporter1@bloomingbit.ioHello, I'm a reporter at bloomingbit