Arabic version: وارش يسلّط الضوء على التشديد العالمي والمسار الوعر للذكاء الاصطناعي

According to Cnbc, Federal Reserve Chairman Kevin Warsh declined to signal whether the Fed will raise interest rates again this month, saying he does not prejudge meetings or provide forward guidance. Speaking in Bangkok at a fireside chat with International Monetary Fund Managing Director Kristalina Georgieva, Warsh said markets should interpret economic data rather than expect a steer before the central bank’s meeting later this month.

Warsh described a broad move toward tighter policy by central banks as “a synchronous tightening in monetary policy in most places around the world.” While central banks make decisions under their own mandates, he said the shared fight against price pressures means “there’s no free riders.”

The Fed raised rates last month to a range of 3.75% to 4%, its first increase since 2023. Following Warsh’s remarks, S&P 500 and Nasdaq futures edged higher, while Asian stock indexes and Treasury yields were largely stable. Traders see a 72.3% chance that the Fed will leave rates unchanged at its Oct. 27-28 meeting, while a majority expect a 25-basis-point increase in December, according to CME FedWatch.

Warsh also said artificial intelligence could make economies that use it well more productive and wealthier. But he cautioned that the development path could be “very bumpy” and that AI’s near-term effect on employment remains uncertain. “I want you to hear from me optimism, but optimism leavened by the seriousness of purpose,” he said, adding that people may look back a decade from now and call the developments hugely consequential.