In Other News · United States · Business

Source: Axios

Federal Reserve chairman Kevin Warsh said Friday that the economy has largely performed as expected since September's rate hike, hinting that little has changed in the central bank's outlook.Why it matters: The Fed is weighing another interest rate increase later this month as inflation heats up and the economy remains strong.What they're saying: "Over the month or so that's transpired since then, the world has broadly conformed to our expectations," Warsh said at the IMF and World Bank annual meetings in Bangkok, referring to the Fed's September meeting.Warsh, interviewed by IMF managing director Kristalina Georgieva, offered no explicit signal about October: "I don't prejudge meetings. I don't believe in saying now what I might do at the meetings that we have in the balance of this year."His remarks come just before the Fed's standard pre-meeting blackout period ahead of the Oct. 27-28 policy meeting. "It's hard to be in a discussion with central bankers and not compare notes and hear the same thing about the surge in prices," he said, alluding to conversations with international counterparts in Bangkok. State of play: The Fed raised rates last month for the first time since 2023 to contain inflation fueled by the Iran...