Warsh: Surprise Rate Hikes Not a Fed Priority

Kevin Warsh, former Federal Reserve Governor, discussed the Fed's policy objectives in an interview. He emphasized that 'surprise is not the objective function' for the central bank. This statement suggests that the Fed prioritizes stability and predictability over surprise rate hikes or cuts.

Warsh's comments come at a time when investors are closely watching the Fed's actions, particularly with regards to interest rates. The Fed has been gradual in its rate hike decisions, but some market participants have expressed concerns about the potential impact on the economy.