Fed Chair Warsh Declines to Signal Next Policy Move, Cites October and December as Key Decision Points

Federal Reserve Chair Kevin Warsh stated on Friday that he would not prejudge the central bank's next policy moves for the remainder of 2026, designating the October and December meetings as "crystallizing moments" for assessing output, jobs, and inflation. He noted that global developments have largely aligned with the Fed's expectations since its September rate hike. Warsh also discussed artificial intelligence, calling it a potentially transformative economic change but warning of a "bumpy" transition and market disruptions, exemplified by debt stress in AI financing.