Warsh flew to Bangkok, sat down with the IMF, and managed to say a lot without telling you the one thing you wanted. No real hint on an October hike. He said the Fed is “not in that business anymore,” which is a polite way of saying stop asking. Price stability is still the job. Other central banks are tightening too, and his favorite line was “no free riders.” Nobody gets to stay easy while everyone else hikes. He also likes AI. It will make economies richer. The road there will be “very bumpy,” which is central-bank for buckle up. Hot CPI, hot PPI, and the chair still will not preview the next move. The real date is the Fed meeting on Oct 27–28. Follow price into that, not the Bangkok small talk. He talked. Did he actually say anything?