Fed’s Warsh downplays inflation fears, offers no hint on upcoming rate decision
Summary
Federal Reserve Chair Kevin Warsh said inflation worries have decreased because prices, including energy costs, are going down. He did not give any clues about the Federal Reserve’s next decision on interest rates.Key Facts
- Kevin Warsh is the Chair of the Federal Reserve.
- He spoke early Wednesday at a central banker conference in Portugal.
- Warsh said inflation risks are lower now.
- Energy prices have fallen significantly.
- The drop in energy costs followed a U.S. and Iran framework agreement last month.
- Warsh did not indicate what the Fed will do about interest rates next.
- The Federal Reserve monitors inflation and sets interest rates to manage the economy.
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