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Fed Chair Warsh stresses price stability, avoids rate signals

Original: Fed chair Warsh says price stability is key but shies away from signals about rates

Federal Reserve Chair Kevin Warsh said price stability remains central-bank policy's key priority, but declined to give any indication of the direction of interest rates. His remarks were carried widely across US media, leaving markets and analysts without the forward guidance they typically look for from the Fed chair on the timing of rate moves.

Why now: Markets and economists are watching the new Fed chair's comments closely for clues about future interest rate policy.

Kevin WarshFederal Reserve

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