Fed Chair Warsh’s Bangkok Speech: 4 Key Takeaways and What They Mean for Bitcoin

Here's what Warsh signaled about the upcoming FOMC meeting and whether the central bank plans to hike rates again. Federal Reserve Chairman Kevin Warsh delivered one of the week’s most closely watched central-bank appearances on Friday morning, following the hotter-than-expected CPI and PPI reports from earlier this month that revived fears of another US rate increase. Speaking alongside IMF Managing Director Kristalina Georgieva at the IMF-World Bank Annual Meetings in Bangkok, Warsh refused to signal clearly on the Fed’s next move. Inflation Still a Priority but No Hint Fed’s Chair reiterated that the central bank intends to “deliver price stability” and reminded that it removed “a close of accommodation” with September’s 25-basis-point hike. However, he explained that he does not “prejudge meetings” and would not announce in advance what he might do at the remaining 2026 gatherings. This was particularly important for markets after the recent CPI and PPI readings, which showed that the inflation scare has not gone away. Recall that September CPI accelerated to 3.7%, higher than expected, and the odds of a near-term rate hike jumped. Following Warsh’s remarks, though, the implied...