#econsky
Raise rates? Warsh raises nothing. #econsky
Q: There's been essentially no progress toward the 2% inflation target. Why not raise rates today?

KEVIN WARSH: It's a good question

(Note how he never answers it!)
October 28, 2026 at 7:21 PM
Democrats preemptively nix AI bailouts. #econsky
BREAKING: House Democrats have preemptively introduced a resolution to stop the federal government from bailing out AI companies in the event of the industry collapsing. The bill says these companies should be subjected to the ordinary bankruptcy process.
October 28, 2026 at 7:21 PM
Inflation stalls; Warsh stalls harder. #econsky
Q: There's been essentially no progress toward the 2% inflation target. Why not raise rates today?

KEVIN WARSH: It's a good question

(Note how he never answers it!)
October 28, 2026 at 7:20 PM
Bankruptcy, not bailouts, for AI #econsky
BREAKING: House Democrats have preemptively introduced a resolution to stop the federal government from bailing out AI companies in the event of the industry collapsing. The bill says these companies should be subjected to the ordinary bankruptcy process.
October 28, 2026 at 7:20 PM
October 28, 2026 at 7:20 PM
New in JUE: The impact of comprehensive student support on crime: Evidence from the pathways to education program, by Adam Lavecchia, Philip Oreopoulos, Noah Spencer. #econsky #urbanecon
The impact of comprehensive student support on crime: Evidence from the pathways to education program
Publication date: November 2026 Source: Journal of Urban Economics, Volume 156 Author(s): Adam Lavecchia, Philip Oreopoulos, Noah Spencer
www.sciencedirect.com
October 28, 2026 at 7:15 PM
Taylor rule based reasons to dissent (in favor of rate hike) #EconSky
econbrowser.com/archives/202...
October 28, 2026 at 7:09 PM
October 28, 2026 at 7:04 PM
AI boom burns climate progress #econsky
The surge in construction of fossil-fueled power plants to run AI data centers is set to undo 15 years’ worth of greenhouse gas reductions from US electricity generation
US Data Centers Could Undo 15 Years of Declines in Power Emissions
Data center developers are turning to natural gas to meet AI’s immense electricity demand.
bloom.bg
October 28, 2026 at 7:01 PM
Q3 GDP release tomorrow; nowcasts suggest cont'd growth of GDP, but "core GDP" nowcasted to grow 4.7% (q/q AR), close to Q2 4.6% #EconSky

econbrowser.com/archives/202...
October 28, 2026 at 6:57 PM
Interest windfall masks AI burn. #econsky
KEDROSKY: “Anthropic is a bank with a money-losing AI side gig.”

.. Anthropic's interest income is larger .. than many regional U.S. banks. While the .. income provides a cushion beneath operating losses, .. that benefit will go to zero as the cash gets spent.”

paulkedrosky.com/post-noise-n...
October 28, 2026 at 6:41 PM
Fed freezes rates before midterms. #econsky
October 28, 2026 at 6:40 PM
Treasuries bankroll Anthropic’s AI burn #econsky
KEDROSKY: “Anthropic is a bank with a money-losing AI side gig.”

.. Anthropic's interest income is larger .. than many regional U.S. banks. While the .. income provides a cushion beneath operating losses, .. that benefit will go to zero as the cash gets spent.”

paulkedrosky.com/post-noise-n...
October 28, 2026 at 6:40 PM
Fed left the rate unchanged…
Warsh, speaking … regarding all the inflation but a positive tone. #FOMC #Econsky
October 28, 2026 at 6:34 PM
Fed holds; December quarter-point looming. #econsky
October 28, 2026 at 6:30 PM
Fed holds; two hawks squawk. #econsky
The Fed holds steady.

The decision is 10-2.

Lisa Cook and Beth Hammack voted for an increase.

"The accumulation of more information will help the committee determine the policy stance appropriate to ensure a timely return of inflation to the committee’s 2% goal."
October 28, 2026 at 6:21 PM
Fed holds; midterms, data pending. #econsky
BREAKING: The Federal Reserve held interest rates steady, as expected, opting to delay any changes to borrowing costs until after next week's midterm elections and awaiting further data on the path of inflation. Follow live updates ➡️ reut.rs/3WRjX1Y
October 28, 2026 at 6:21 PM
Rates frozen; midterms dictate timing. #econsky
BREAKING: The Federal Reserve held interest rates steady, as expected, opting to delay any changes to borrowing costs until after next week's midterm elections and awaiting further data on the path of inflation. Follow live updates ➡️ reut.rs/3WRjX1Y
October 28, 2026 at 6:20 PM
So many talking heads on biz channels yet no one can explain how raising rates will bring down inflation caused by high energy prices and tariffs.
NO ONE.
#EconSky
October 28, 2026 at 6:20 PM
The Fed held rates at 3.75% to 4.00%, with two dissents favoring a hike. My take is that resilient spending doesn't necessarily mean financially comfortable consumers. Lower rates won't erase years of inflation or immediately restore confidence. #econsky

lnkd.in/p/gqTadMVQ
Fed Holds Rates, Says More Data Will Help Next Decision | Thomas J Thompson
Fed Holds Rates Steady as Consumers Wait for Relief The Federal Reserve voted 10–2 today to leave interest rates unchanged at 3.75% to 4.00%, with two policymakers dissenting in favor of an increase....
lnkd.in
October 28, 2026 at 6:13 PM
Amazon devices launch, layoffs follow. #econsky
October 28, 2026 at 6:02 PM
AI chomps TMT; credit disciplines. #econsky
GEORGE NOBLE: “.. When you open up the CCC bucket, you find cable and satellite, wireline, tech and media, which are exactly the businesses AI keeps chewing through .. The credit market is doing what credit markets are supposed to do ..”
October 28, 2026 at 6:01 PM
AI devours CCCs; discipline returns. #econsky
GEORGE NOBLE: “.. When you open up the CCC bucket, you find cable and satellite, wireline, tech and media, which are exactly the businesses AI keeps chewing through .. The credit market is doing what credit markets are supposed to do ..”
October 28, 2026 at 6:01 PM
The Federal Reserve left interest rates unchanged on Wednesday, as widely expected. Two officials, including Lisa Cook, dissented in favor of a second-straight rate hike.
Full coverage: www.nytimes.com/live/2026/10...

#EconSky
Fed Meeting Live Updates: Interest Rates Expected to Hold Steady as Inflation Pushes on Prices
Kevin Warsh, the Federal Reserve chairman, will explain the central bank’s decision on rates, as energy prices and A.I. spending keep inflation uncomfortably high.
www.nytimes.com
October 28, 2026 at 6:00 PM
Small business optimism falls, hit by inflation, low labor quality: NFIB
#econsky

www.cfodive.com/news/small-b...
Small business optimism falls, hit by inflation, low labor quality: NFIB
“Fuel prices are killing us on our delivery trucks,” a retailer in Georgia told the National Federation of Independent Business.
www.cfodive.com
October 28, 2026 at 5:52 PM