In brief, here are Kevin Warsh’s remarks:
📊 U.S. economy: Warsh noted that economic growth has improved and GDP growth could exceed 3% in the third quarter. Job growth is also stronger than last year, despite tighter credit conditions and increased investor caution.
🎯 Monetary policy: He emphasized that the Fed needs more data to determine the appropriate path for interest rates, while continuing to focus on bringing inflation back to its 2% target. He explained that the effects of monetary policy are beginning to emerge, noting that the Fed ended one of its monetary easing measures in September.
🏛️ Next steps: Warsh stressed that the Fed is committed to achieving price stability and has no room for excuses, and that upcoming data will be crucial in shaping future decisions. He also pointed to possible changes to the Fed’s meeting schedule and interest-rate voting in 2027 and 2028.
📊 U.S. economy: Warsh noted that economic growth has improved and GDP growth could exceed 3% in the third quarter. Job growth is also stronger than last year, despite tighter credit conditions and increased investor caution.
🎯 Monetary policy: He emphasized that the Fed needs more data to determine the appropriate path for interest rates, while continuing to focus on bringing inflation back to its 2% target. He explained that the effects of monetary policy are beginning to emerge, noting that the Fed ended one of its monetary easing measures in September.
🏛️ Next steps: Warsh stressed that the Fed is committed to achieving price stability and has no room for excuses, and that upcoming data will be crucial in shaping future decisions. He also pointed to possible changes to the Fed’s meeting schedule and interest-rate voting in 2027 and 2028.
