Fed's Warsh sees US economic tailwinds, mum on rate-path view

The Korea Times - Oct 16, 2026

BANGKOK — Federal Reserve Chairman Kevin Warsh voiced optimism on Friday about U.S. economic strength and surprise about how well global economies have been "hanging in there" amid recent geopolitical shocks, despite tighter monetary policy to fight inflation. "I came out of meetings here yesterday and today and it's hard to be in a discussion with central bankers and not compare notes and hear the same thing about the surge in prices," Warsh said. With inflation a "common challenge," he said at the 2026 IMF-World Bank annual meetings in Bangkok, global central banks undertook "a synchronous tightening in monetary policy in most places around the world, and that means there's no free riders." In the U.S., he said, "We made very clear that we would deliver price stability, and we removed a dose of accommodation about a month ago," in a reference to the Fed's September interest-rate hike. No preview of need for more rate hikes But in keeping with his style since taking the reins as Fed chief in May, he gave no preview about whether he feels more interest-rate hikes will be needed, or when

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From $40 To Global Brand: Daymond John turns side hustle into FUBU empire; family and hip-hop drive rise
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Oct 16, 2026
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Oct 16, 2026
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Oct 16, 2026
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Oct 16, 2026
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Oct 16, 2026
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Oct 16, 2026
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Oct 16, 2026
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Venezuela's Maduro and wife plead not guilty to US torture charges
Oct 16, 2026
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Oct 16, 2026
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LONDON — When attack drones struck Saudi Aramco's biggest oil pipeline last month, satellite images showed one of its pumping stations burnt to ashes. By the next day, scores of bulldozers were already building a new pipeline. Within days pumping resumed. The speed of the recovery illustrates how the world's biggest oil producer has transformed its ability to operate under attack after years of assaults on energy infrastructure across the region. "Today, our teams can handle multiple incidents simultaneously, and we continue to build this capability," Saudi state oil firm Aramco's chief executive Amin Nasser told Reuters in an interview last week. Nasser said Aramco has built specialised rapid-response teams, expanded emergency stockpiles for repairs and deployed drones to assess damage even while incidents are still unfolding. Lessons on how to operate under fire came after drones and missiles hit Aramco's major oil processing facility in Abqaiq in 2019, temporarily knocking out half of Aramco's production. "After Abqaiq in 2019, we came up with the idea of rapid response teams, or what

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