Walsh: Don't expect hints from the Federal Reserve about future interest rate trends

Comparing the news, according to the Kim 10 report, Federal Reserve Chairman Walsh said that investors should pay more attention to economic data to determine whether the central bank will raise interest rates. Walsh did not give any hints as to whether the Federal Reserve will raise interest rates in July, and reiterated his dissatisfaction with the forward-looking guidance.

Walsh was nominated by Trump earlier this year and took over as Federal Reserve Chairman in May. He previously served at the Federal Reserve during the 2008-2009 global financial crisis. When speaking publicly about the economy, Walsh is unlikely to be as outspoken as Powell. He once said that he thought that the Federal Reserve officials spoke too much, which would confuse investors.