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Fed’s Warsh Says He Won’t Prejudge Future Rate Decisions, Cites Too Little Evidence of Inflation Improvement

Source
JH Kim

Summary

  • Kevin Warsh, chair of the Federal Reserve, said he would not prejudge future monetary policy decisions.
  • Warsh said he would determine the policy path based on upcoming economic data.
  • He said there has been little information showing that inflation trends meet the Fed’s required standard.

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Photo: Shutterstock
Photo: Shutterstock

Kevin Warsh, chair of the Federal Reserve, said he would not prejudge future monetary policy decisions and that there is still too little evidence that inflation has improved sufficiently.

Walter Bloomberg reported on September 16 that Warsh would not prejudge any upcoming decision and would instead determine the policy path based on economic data yet to be released.

There has been little information showing that inflation trends meet the Fed’s required standard, he said.

Warsh declined to comment on his discussions with U.S. President Donald Trump.

#Inflation
#Interest Rate
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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