finance
Fed Chairman Kevin Warsh declines to hint at July rate decision
Federal Reserve Chairman Kevin Warsh told a policy panel he would not signal the central bank's next move on interest rates. He said the Fed would rely on incoming data and maintain its independence.
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Federal Reserve Chairman Kevin Warsh declined to preview the central bank's July interest-rate decision during a panel discussion at the ECB Forum on Central Banking 2026 in Sintra, Portugal. Warsh said the Fed would base any decision on new economic data rather than forward guidance. He added that the central bank would remain independent in its policy choices.
Data-driven approach Warsh pledged the Fed will use incoming figures to guide its actions. He described artificial intelligence as having "huge implications" for how the central bank assesses the economy. The chairman did not indicate whether officials expect to adjust rates next month.
International context European Central Bank President Christine Lagarde joined Warsh on the panel along with Bank of England Governor Andrew Bailey and Bank of Canada Governor Tiff Macklem. Lagarde discussed the ECB's recent decision to raise interest rates.
Warsh also addressed the relationship between the United States and Europe on technology issues, noting mutual dependence in the development of artificial intelligence. >"Kevin Warsh says Fed will stay independent despite Trump pressure" — CNBC video, 21 min ago (CNBC) The forum continues with additional sessions on monetary policy and global economic conditions.
