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Warsh won’t prejudge rest of 2026, names October and December as decision points - investingLive

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With no guidance from the chair, short-dated Treasuries and the dollar will take their lead from data before the 27–28 October meeting, which points to bigger reactions to releases. His comment that events have broadly matched expectations leans slightly hawkish, since the September projections pointed to another hike this year. Oil remains a key input: fuel-driven inflation tied to the Iran war is the main source of upside price pressure, so moves in crude will feed directly into hike pricing. A hawkish-leaning Fed has tended to weigh on gold rather than support it.---Earlier, Hammack no so reticent on forward guidance:Fed's Hammack questions whether Fed policy is tight enough as inflation risks build---

Warsh came to Bangkok and said, in effect, watch the data, not me, which is exactly what he has been promising to do.

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