Warsh Hikes Rates Despite Trump
5m
Federal Reserve Chair Kevin Warsh raised the benchmark interest rate by 0.25 percentage point to 3.75 to 4.00 percent to combat inflation, despite pressure from President Donald Trump.
Reposted by Will Jennings
Even though today's news was a hike, I think that overall this makes a US debt crisis much less likely. The Fed going nuts (or getting doged) is the only remotely plausible scenario for that, imo.
Even though today's news was a hike, I think that overall this makes a US debt crisis much less likely. The Fed going nuts (or getting doged) is the only remotely plausible scenario for that, imo.
Reposted by Juan Cole, Elizabeth Warren, Alan Richardson
Let's check in on how that's working.
Let's check in on how that's working.
Reposted by David Darmofal
apnews.com/article/fede...
apnews.com/article/fede...
Reposted by Daniel W. Drezner, Richard Moorhead, Ann Bartow
WASHINGTON (AP) - Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut.
WASHINGTON (AP) - Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut.
Reposted by James Goodwin
Full coverage: www.nytimes.com/live/2026/09...
#EconSky
Full coverage: www.nytimes.com/live/2026/09...
#EconSky
It is equally interesting to see how eagerly some market participants await the updated rate "dots," even as momentum builds against the current approach to forward guidance.
All this underscores just how difficult it is to evolve a Fed–market paradigm...
It is equally interesting to see how eagerly some market participants await the updated rate "dots," even as momentum builds against the current approach to forward guidance.
All this underscores just how difficult it is to evolve a Fed–market paradigm...
That’s >$246 million per day, on average.
CBO says the war has raised inflation and global energy prices, citing reduced traffic in the Strait of Hormuz, and says it’ll raise interest rates on treasuries.