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Warsh: Don't expect hints from the Fed on the future direction of interest rates.

MeNews
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ME News reported that on July 1 (UTC+8), Federal Reserve Chair Warsh stated that investors should focus more on economic data to determine whether the central bank will raise interest rates. Warsh gave no indication of whether the Federal Reserve will raise rates in July and reiterated his dissatisfaction with "forward guidance." Warsh was nominated by Trump earlier this year and took over as Federal Reserve Chair in May. He previously served at the Federal Reserve during the 2008-2009 global financial crisis. When making public comments on the economy, Warsh is unlikely to be as outspoken as Powell. He has stated that he believes Federal Reserve officials speak too much, which can confuse investors. (Jin Shi) (Source: BlockBeats)
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