TechFlow news, July 1, Federal Reserve Chair Warsh stated that investors should pay more attention to economic data to judge whether the central bank will raise interest rates. Warsh gave no hint on whether the Fed will raise interest rates in July and reiterated his dissatisfaction with "forward guidance".
Warsh was nominated by Trump earlier this year and assumed the position of Federal Reserve Chair in May. He previously served at the Federal Reserve during the 2008-2009 global financial crisis. When making public remarks on economic issues, Warsh is unlikely to be as outspoken as Powell. He has stated that he believes Fed officials speak too much, which instead confuses investors. (Jin10)
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