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

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Gold Finance reports, July 1 news: Federal Reserve Chairman Walsh said that investors should pay more attention to economic data to judge whether the central bank will raise interest rates. Walsh did not give any hint on whether the Fed will raise rates in July, and reiterated his dissatisfaction with 'forward guidance.' Walsh 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 comments on economic issues, Walsh is unlikely to be as outspoken as Powell. He has said that he believes Fed officials speak too much, which actually confuses investors. (Jin Shi)
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