Fed's Warsh Says Politics Played No Role in Rate Decision, Will Closely Assess Oil Price Rise
Summary
- Kevin Warsh, chair of the Federal Reserve, said political factors did not affect the Fed's interest-rate decision.
- Warsh said the Fed would closely assess how geopolitical conditions and rising oil prices affect its monetary policy goals.
- He stressed that the central bank would examine how those factors affect the Fed's price stability and maximum employment mandates.
Forecast Trend Report by Period
Kevin Warsh, chair of the Federal Reserve, said political considerations did not influence the U.S. central bank's interest-rate decision. He also said the Fed would closely assess how geopolitical developments and rising oil prices affect its monetary policy goals.
Cointelegraph, a cryptocurrency-focused media outlet, reported on October 28 that Warsh said, "Politics played no role in this decision," referring to the Fed's rate decision.
He said the Fed would closely examine the impact of changes in geopolitical conditions and higher oil prices on the U.S. economy.
Warsh also stressed that the central bank would evaluate how those factors affect the Fed's dual mandate of price stability and maximum employment.
