Deep Tide TechFlow News, July 01 – Fed Chairman Warsh stated that investors should focus more on economic data to judge whether the central bank will raise interest rates. Warsh did not offer any hints on whether the Fed would raise rates in July, and reiterated his dissatisfaction with "forward guidance."

Warsh was nominated by Trump earlier this year and took over as Fed Chairman in May. He previously served at the Fed during the 2008-2009 global financial crisis. When making public remarks on economic issues, Warsh is unlikely to be as outspoken as Powell. He has said that he believes Fed officials talk too much, which only confuses investors. (Jin Shi)