U.S. Federal Reserve Chair Kevin Warsh has avoided mentioning whether there will be additional interest rate hikes ahead of the monetary policy meeting later this month.

According to Reuters and the Wall Street Journal (WSJ), speaking during a conversation with IMF Managing Director Kristalina Georgieva at the International Monetary Fund (IMF)-World Bank Annual Meetings held in Bangkok, Thailand, on the 16th, Warsh said, "I am not pre-judging the outcome of the meeting."

"This is a new chapter for the Fed, and we no longer do that," he emphasized, reaffirming a break from the practice of forward guidance, where Federal Open Market Committee (FOMC) members used to signal upcoming decisions in advance.

Last month, the Fed raised its benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4.00% for the first time in three years.

As the September Consumer Price Index (CPI) and Producer Price Index (PPI) released this week successively exceeded market expectations, speculation has grown that an additional hike could take place at this month's meeting.

According to the Chicago Mercantile Exchange (CME) FedWatch, the probability of a 0.25 percentage point rate hike at this month's meeting stood at 27.7% as of today, higher than 17.7% a week ago, but lower than 33.2% the previous day.

Warsh picked the investment surge led by artificial intelligence (AI) as "the most important upside factor for the global economy."

He added, "AI will affect the demand side before the supply shock."

He also announced that a task force on productivity and jobs dealing with the economic impact of AI will hold a field public hearing in the San Francisco Bay Area on November 16.