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Warsh avoids giving interest rate clues
Federal Reserve Chairman Kevin Warsh refrained from offering any hints regarding the upcoming interest rate decision in his future meetings, emphasizing the importance of not pre-empting the results of official gatherings. He explained that the Federal Reserve is focused on achieving price stability through easing monetary policy and avoiding pre-announcing its decisions. Warsh also expressed optimism about developments in artificial intelligence and its potential impact on the economy, while warning of the need to reassess monetary policies to cope with market fluctuations. Currently, markets are divided between expectations of holding interest rates steady or raising them to combat inflation.
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