๐บ๐ธ Kevin Warsh just spoke at the #IMF-World Bank annual meetings in Bangkok.
Here are the most important things he said:
1. He refused to signal whether the #Fed would raise interest rates again at its October 27โ28 meeting.
2. He said the Fed would assess the situation at its October and December meetings before deciding on its next steps.
3. He defended the September rate hike as necessary to achieve price stability and reduce monetary expansion.
4. Warsh gave no assurance that the Fed was done raising rates this year.
Here are the most important things he said:
1. He refused to signal whether the #Fed would raise interest rates again at its October 27โ28 meeting.
2. He said the Fed would assess the situation at its October and December meetings before deciding on its next steps.
3. He defended the September rate hike as necessary to achieve price stability and reduce monetary expansion.
4. Warsh gave no assurance that the Fed was done raising rates this year.