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Federal Reserve chairman Kevin Warsh said Friday that the economy has largely performed as expected since September's rate hike, hinting that little has changed in the central bank's outlook. Why it matters: The Fed is weighing another interest rate increase later this month as inflation heats up and the economy remains strong. What they're saying: "Over the month or so that's transpired since then, the world has broadly conformed to our expectations," Warsh said at the IMF and World Bank annual meetings in Bangkok, referring to the Fed's September meeting. Warsh, interviewed by IMF managing director Kristalina Georgieva, offered no explicit signal about October: "I don't prejudge meetings. I don't believe in saying now what I might do at the meetings that we have in the balance of this year." His remarks come just before the Fed's standard pre-meeting blackout period ahead of the Oct. 27-28 policy meeting. "It's hard to be in a discussion with central bankers and not compare notes and
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The coverage attributes specific statements to Federal Reserve chairman Kevin Warsh as a primary source. The tone is measured, framing the Fed's outlook as a reflection of recent economic performance.
Describes tone and sourcing pattern only — never assesses whether the story is true. See methodology.
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