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Warsh Won’t Prejudge Rates as AI Task Force Meets Nov. 16

By Drooid · Oct 16, 2026, 2:50 PM UTC · How we work

Summary

Story summary

Fed Chairman Kevin Warsh said he will not prejudge upcoming interest-rate decisions.
He noted central banks are pursuing synchronous tightening with no free riders.
Warsh expressed optimism that AI will boost productivity but warned near-term employment effects remain uncertain.
An AI-focused Fed task force will meet on Nov. 16 to address inflationary pressures.
CME FedWatch shows a 72.3% chance the Fed will keep rates unchanged at the Oct. 27-28 meeting.

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Story summary

Fed Chairman Kevin Warsh said he will not prejudge upcoming interest-rate decisions.
He noted central banks are pursuing synchronous tightening with no free riders.
Warsh expressed optimism that AI will boost productivity but warned near-term employment effects remain uncertain.
An AI-focused Fed task force will meet on Nov. 16 to address inflationary pressures.
CME FedWatch shows a 72.3% chance the Fed will keep rates unchanged at the Oct. 27-28 meeting.