Fed Chair Refuses To Speculate On Interest Rates

(Bangkok, Thailand) — There are no hints yet at future Federal Reserve interest rate hikes. Fed chair Kevin Warsh said today at the annual meetings of the International Monetary Fund and World Bank that he’s not in the business of predicting what the central bank will do. Some Fed governors have speculated that another interest rate hike will be necessary to combat inflation, which rose again in September. It comes as President Trump has repeatedly called on the Fed to lower interest rates.