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Warsh showed little sense of urgency regarding the need to raise interest rates in October during remarks in Bangkok, which reinforced expectations that the Federal Reserve will keep rates unchanged later this month.
Colby Smith reported that this stance contributes to the view that the central bank is not poised for a rate hike at the upcoming meeting.
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In September, Federal Reserve officials pointed to risk management and economic factors as reasons for raising rates, according to Colby Smith’s earlier report. That month also saw supercore inflation—which excludes housing from core services—rise 0.4%, bringing its annualized rate close to 4.6% as Smith noted separately. These data points continue to factor into the central bank’s current policy considerations.