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Fed officials face questions as Warsh testimony sheds limited new insight

Kevin Warsh’s Congressional testimony was seen as adding “some heat but not a lot of new light” on the month’s interest rate outlook, according to an economist cited by MarketWatch.

Reported · Written up by our desk · Central Banks

MarketWatch reports that Kevin Warsh, during testimony to Congress, provided commentary on the outlook for interest rates that an economist characterized as offering “some heat but not a lot of new light.”

The outlet framed the moment as a key question for markets, centered on whether the Fed would choose to raise interest rates during the month in question, based on how the testimony was interpreted.

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