US Economic Perspectives — Walsh: not prejudging policy path

Federal Reserve Chair Kevin Warsh did not offer guidance on his expectations for the pace of future policy adjustments during his fireside chat with IMF Managing Director Kristalina Georgieva at the IMF's annual conference in Bangkok, instead reiterating that he would not pre-judge what action would be appropriate at future FOMC meetings and that he does not believe in saying now what he might do in the balance of the year. Warsh has been loath to offer explicit forward guidance, even refraining from offering his own forecasts for the Summary of Economic Projections. His comments centered in large part around the AI buildout as a near-term driver of demand;