Warsh declines to specify rate path
Kevin Warsh, a Federal Reserve official, refrained from specifying the future path of interest rates, confirming that policymakers will discuss this internally at the July meeting. He praised the stance of European Central Bank President Christine Lagarde regarding the decision not to provide forward guidance in advance, while also supporting a plan to restructure the central bank's operations to improve decision-making and communication. The statements indicated concerns about rising inflation amid fluctuations in oil prices and geopolitical tensions, with ongoing discussions about how increases in energy prices might impact future inflation.
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