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Warsh avoids commenting on interest rates
Federal Reserve Chairman Kevin Warsh declined to offer hints about the expected interest rate decision at the October meeting, emphasizing that he does not pre-judge the bank's official meeting outcomes. He clarified that the bank is focused on achieving price stability and intends to adjust policies independently. Warsh also praised the rapid developments in artificial intelligence and its potential impact on the economy, highlighting the need to reassess monetary policies to address financial market volatility and ensure the stability of the banking sector.
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