Warsh: Don't Expect Hints from the Fed on Future Interest Rate Direction

CoinFeed July 1 news, Federal Reserve Chair Warsh, European Central Bank President Lagarde, Bank of England Governor Bailey, and Bank of Canada Governor Macklem spoke at the 'Policy Panel' event of the ECB Global Central Bank Forum, with ECB President Lagarde speaking first. ECB President Lagarde said: My only regret is being constrained by forward guidance in the past. Europe and the United States are mutually dependent on artificial intelligence. Federal Reserve Chair Warsh said: We will not provide forward guidance. We will set a new direction to make better decisions. The AI boom is particularly evident in the United States. As central bankers, this is an exciting and significant moment. If we make progress in thinking about productivity, data, and the impact on the inflation framework, this will be an experience we can draw on. Artificial intelligence has led to a surge in capital expenditure and a significant increase in demand.