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Kevin Warsh speech could offer clues on whether Fed will raise interest rates this month
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When Federal Reserve Chairman Kevin Warsh strides onstage in Bangkok on Friday morning, it will be after 11 p.m. on Thursday in New York.
Key facts
- Data center companies and associated utility firms, chipmakers and cloud providers are expected to raise between $300 billion and $570 billion from the debt market this year, according to Vanguard
- When Federal Reserve Chairman Kevin Warsh strides onstage in Bangkok on Friday morning, it will be after 11 p.m. on Thursday in New York
- Asked what the president’s expectations are for Warsh’s appearance, the White House pointed to a Truth Social post from September in which Trump had written, “Interest rates in the United States should be 1% or less — It will also be the last speech from a Fed official before policymakers enter a “blackout” period on Saturday that lasts through their next interest rate meeting, which is scheduled for Oct. 27 and 28
Summary
Warsh will be speaking at the annual meeting of the International Monetary Fund and the World Bank, where he will be interviewed by IMF Managing Director Kristalina Georgieva. It will also be the last speech from a Fed official before policymakers enter a “blackout” period on Saturday that lasts through their next interest rate meeting, which is scheduled for Oct. 27 and 28. “The data continue to underscore two key sources of inflation pressure: AI and Iran.” Those two factors aren’t likely to be going anywhere soon, either.