PiCK
Warsh Says Politics Played No Role in Fed Rate Decision, Watches Impact of Rising Oil Prices
JH Kim
Summary
- Kevin Warsh, chair of the Federal Reserve, said political factors did not influence the Fed’s interest-rate decision.
- Warsh said he would closely assess how geopolitical conditions and rising oil prices affect the central bank’s monetary-policy goals.
- Warsh stressed that he would examine how those factors affect the Fed’s dual mandate of price stability and maximum employment.
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Kevin Warsh, chair of the Federal Reserve, said political considerations did not influence the Fed’s interest-rate decision. He also said the central bank would closely assess how geopolitical developments and rising oil prices affect its monetary-policy goals.
Cointelegraph, a cryptocurrency-focused media outlet, reported on Oct. 28 that Warsh said of the Fed’s rate decision, “Politics played no role in this decision.”
He added that he would closely monitor the impact of changing geopolitical conditions and higher oil prices on the U.S. economy.
Warsh emphasized that the Fed would assess in particular how those factors affect its dual mandate of price stability and maximum employment.
JH Kim
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