Fed Chair Warsh Refuses Forward Guidance, Designating October and December as Critical Decision Points

Federal Reserve Chair Kevin Warsh announced the central bank will no longer preview interest rate decisions, refusing forward guidance ahead of the October 27–28 FOMC meeting. Speaking at the IMF meetings in Bangkok, Warsh identified the October and December sessions as crucial policy decision points that will depend strictly on incoming economic data. The remarks follow the Fed's September 25-basis-point rate hike to a target range of 3.75% to 4.00%. Despite stronger-than-expected CPI and PPI data spurring speculation of another hike, Warsh left policy open-ended, increasing market sensitivity.