Fed's Warsh withholds rate signal, praises recent global tightening… | HappeningNow.news

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Fed's Warsh withholds rate signal, praises recent global tightening with 'no free riders'

BANGKOK — Federal Reserve Chairman Kevin Warsh refrained from signaling whether there will be another interest rate hike again this month, while acknowledging a "synchronous tightening" by central banks around the world and there's "no…

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Federal Reserve Chairman Kevin Warsh said he would not indicate whether the Fed would raise rates again this month. He noted that central banks worldwide were tightening policy at the same time and that there were “no free riders.” Warsh also stated he does not want to pre‑judge upcoming meetings or provide forward guidance, insisting markets should focus on interpreting data.

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