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Warsh: No Forward Guidance, Decisions Based on Economic Assessment

Federal Reserve Chair Warsh stated he will not disclose details of the Federal Open Market Committee's future interest rate decisions, emphasizing he is not responsible for providing forward…

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Federal Reserve Chair Warsh stated he will not disclose details of the Federal Open Market Committee's future interest rate decisions, emphasizing he is not responsible for providing forward guidance. Warsh said today's rate hike decision was carefully considered, not market-driven, but based on an assessment of current conditions, employment trends, and economic strength.

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