Warsh Leaves Markets Guessing Ahead of Fed Rate Meeting

Federal Reserve Chair Kevin Warsh had an opening on Thursday night to shape market expectations before the central bank's next interest-rate meeting, which is about two weeks away. He did not use it.

Investors and traders usually comb a Fed chair's public remarks for hints about where policy is heading. This time, there was little to grab onto. Warsh's approach has consistently been to keep markets guessing rather than signal a clear path, and Thursday's comments followed that pattern.

For now, the silence puts the burden back on incoming economic data and the Fed's previously published positions. Anyone hoping for a firm read on the upcoming decision will have to wait for the meeting itself.