Fed Chair Warsh Says Inflation Still 'Too High,' Declines to Signal July Rate Move
Federal Reserve Chair Kevin Warsh said inflation remains "too high" but declined to hint at the central bank's July rate decision, speaking at the ECB Forum on Central Banking in Sintra, Portugal. He appeared alongside other central bank leaders.
Federal Reserve Chair Kevin Warsh spoke at the ECB Forum on Central Banking in Sintra, Portugal, saying inflation remains "too high." However, Warsh declined to offer any hint about the central bank's rate decision at its July meeting.
Warsh appeared on Wednesday alongside a panel of other central bank leaders. Ahead of the Fed's next meeting, investors are closely tracking signals about the likelihood of an interest-rate cut. Maintaining price stability was described as remaining the bank's priority.
Remarks by central bank chiefs at the annual Sintra forum are watched closely for the global monetary-policy outlook. Markets read shifts in tone from Warsh as possible clues to future rate moves. The Fed's decision will hinge on inflation data due in the coming weeks.
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