Federal Reserve Chairman Kevin Warsh on Wednesday left the central bank on track to raise interest rates again this year, even as he stuck to his refusal to offer any explicit guidance on the future path of policy.
Operating within his self-imposed communication boundaries, Warsh used his assessment of a strong economy and warnings over persistent inflation to signal the Fed¡¯s job is not yet done. The message reinforced expectations that officials will raise borrowing costs in December ¡ª after holding them steady Wednesday ¡ª with the potential for another increase in early 2027. Still, Warsh was careful to leave his options open.
¡°He was setting up more tightening, but he was also bracketing that it need not be all that much more tightening,¡± said Vincent Reinhart, chief economist at BNY Investments.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.