Kevin Warsh Gives No Hint on October Fed Decision, Says AI Path Will Be “Very Bumpy”

Federal Reserve Chair Kevin Warsh, speaking at the IMF-World Bank annual meetings in Bangkok on 16 October, refused to signal whether the Fed will raise interest rates again at its October 27–28 meeting, keeping markets uncertain after September's rate hike. Warsh also warned that artificial intelligence could transform the global economy, but its short-term path will be very bumpy.