QuidMetrics

Fed Chair Warsh gives little guidance on rate decision

Federal Reserve Chair Kevin Warsh offered no clear signal on monetary policy direction in remarks on Thursday night, leaving markets uncertain ahead of a key interest-rate decision in two weeks.

Federal Reserve Chair Kevin Warsh had the chance Thursday night to set expectations before the central bank's interest-rate meeting in two weeks but declined to provide clear guidance, according to reports of his remarks.

Warsh maintained his approach of not committing to a particular policy direction, leaving financial markets without a clear indication of which way the Federal Reserve might move on rates.