0658 GMT - Federal Reserve Chairman Kevin Warsh's main focus is credibility, rather than trying to lean on the hawkish or the dovish side, Jefferies' Mohit Kumar says in a note. "That's the message we are likely to get today as well," the global economist says ahead of the Fed's interest-rate decision. If there are inflation risks, then the Fed needs to deliver, Kumar says. Jefferies banks on lower oil prices, forecasting prices to return to $60-$65 per barrel in two years' time. "Hence, it's not oil prices that should determine the medium term inflation outlook," Kumar says.
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