Fed chair Warsh says price stability is key but deflects on rate signals

Federal Reserve Chairman Kevin Warsh said Friday he won’t prejudge what the U.S. central bank will do about interest rates at its upcoming meetings in October and December. The Fed increased its key interest rate by a quarter-point to about 3.9% in September, its first increase in three years, and stubbornly elevated U.S. inflation will likely lead it to hike that rate again in coming months to slow spending and help cool price pressures. But Warsh offered no fresh signals during a “firesi...