Speaking at the IMF-World Bank meetings in Bangkok on October 16 2026, two days after the 3.7% September CPI, Warsh said the Fed is focused on taming rising prices, that inflation is not solely a US problem, and that the AI boom should be understood as a shock to the US economy - read by strategists as a near-term inflationary one - while declining to prejudge the remaining 2026 meetings. Implied odds of an October hike fell from about 27% to 15% on the remarks.