Fed Chair Kevin Warsh says the US economy has “plenty of tailwinds” from an investment boom.
But he gave no clarity on whether the Fed will raise rates at its October meeting.
“I don’t prejudge meetings,” Warsh said in a session with IMF chief Kristalina Georgieva.
Traders are split almost evenly on whether the Fed will hike in October.
Warsh said inflation is a global problem and fighting it is a shared task.
He pointed to a “synchronous tightening” by central banks, with “no free riders.”
Warsh took over the Fed in May after being nominated by President Trump.
Read the full article for more details on the Fed’s rate path.
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