Fed's Warsh sees US economic tailwinds, mum on rate-path view
BANGKOK — Federal Reserve Chairman Kevin Warsh voiced optimism on Friday about U.S. economic strength and surprise about how well global economies have been "hanging in there" amid recent geopolitical shocks, despite tighter monetary policy to fight inflation. "I came out of meetings here yesterday and today and it's hard to be in a discussion with central bankers and not compare notes and hear…
Federal Reserve Chairman Kevin Warsh expressed confidence in the US economic outlook during his recent meetings in Bangkok, despite challenges posed by global geopolitical turmoil and the ongoing fight against inflation. Warsh noted that central bankers worldwide were discussing the surge in prices and agreed on simultaneous monetary tightening measures.
He emphasized that all countries were facing the same issue and that no nation could benefit from the situation. In the US, Warsh highlighted that the Fed had signaled its commitment to achieving price stability, having increased interest rates by one percentage point in September. However, Warsh refrained from commenting on whether additional rate hikes might be necessary or when they could occur, adhering to his customary approach since being appointed Fed chair in May.
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- Fed's Warsh sees US economic tailwinds, mum on rate-path view koreatimes.co.kr
