Warsh: Don't expect hints from the Federal Reserve about the future direction of interest rates.

BlockBeats News, July 1st, Federal Reserve Chair Warsh stated that investors should pay more attention to economic data to judge whether the central bank will raise interest rates. Warsh gave no hint as to whether the Fed will raise rates in July, and reiterated his dissatisfaction with "forward guidance."

Warsh was nominated by Trump earlier this year and assumed the position of Federal Reserve Chair in May. He previously served at the Fed during the 2008-2009 global financial crisis. When making public remarks on economic issues, Warsh is less likely to be as outspoken as Powell. He has stated that he believes Fed officials talk too much, which instead confuses investors. (Jinshi)