Fed chair Warsh says price stability is key but shies away from signals about rates

Federal Reserve Chairman Kevin Warsh stated on Friday in Bangkok that price stability remains a key priority, while declining to signal future policy decisions regarding interest rates at the central bank's upcoming meetings in October and December. Warsh emphasized that he will not prejudge the outcomes of those sessions.

The remarks follow a move by the U.S. central bank in September to increase its key interest rate by a quarter-point, bringing it to approximately 3.9%. Despite this recent monetary tightening, Warsh maintained a neutral stance on the trajectory of future rate adjustments.