Posted on 09/16/2026 12:38:35 PM PDT by SmokingJoe
LIVE REPLAY: Fed Chair Kevin Warsh Holds a Press Conference (September 16, 2026) from Right Side Broadcasting Network (RSBN) is coverage of Federal Reserve Chair Kevin Warsh’s post-FOMC press conference.
youtube.com
Main decisionThe Federal Open Market Committee (FOMC) voted unanimously (12-0) to raise the federal funds rate by 25 basis points, setting the target range at 3.75%–4.00%. This was the first rate increase since July 2023.
youtube.com
Key points from WarshInflation remains the predominant focus. He stated it is “too high and has been for too long,” and that summer readings did not show meaningful improvement in underlying trends. The hike is intended to support a more timely return to the Fed’s 2% inflation goal and “deliver price stability.”
reuters.com
The U.S. economy has strengthened and shown resilience amid geopolitical shocks and uncertainty. The labor market is essentially at full employment (unemployment around 4.1%), with rising job openings, hours worked, and claims data consistent with full employment. There is an “attitude of optimism” within the committee about the economy’s strength and potential.
finance.yahoo.com
The move removes a dose of accommodation. Financial conditions were not viewed as restrictive by the committee. The decision was based on the assessment of the economy’s strength, the employment trajectory, and inflation outlook.
fxstreet.com
Outlook and contextProjections (the “dot plot”) pointed to the likelihood of at least one more rate increase by the end of 2026. Warsh, who became Fed Chair earlier in 2026 after nomination by President Trump, took this step despite the administration’s preference for lower rates. The RSBN stream is a live replay of the event (with the network’s typical promotional segments in the description).
nytimes.com
In short, the press conference centered on explaining the first rate hike in over three years as a necessary step against sticky inflation while highlighting a still-strong economy.
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There goes the election.
Even the Target is too high.
The Fed needs to address that number.
The Fed could have waited until after the election.
Putting the ‘Rats in control will be negative on Inflation going forward.
Then if the ‘Rats got control of a Chamber or two they could have gone 0.5%.
Necessary, but painful, just like the Iran war.
My accounts lost >$15K in a half hour.
In September 2024, less than seven weeks before the presidential election, the Fed handed the incumbent Democratic administration an unusually large half-point rate cut.
Even though Powell admitted that the economy was growing at a solid pace. He said the labor market remained solid. He said there was no elevated risk of a downturn. Core inflation was still 3.2 percent.
Yet the Fed cut interest before Americans voted.
Now it is September 2026, seven weeks before the midterms, and the Fed has done the opposite.
Unemployment is lower than it was in September 2024. Core CPI is lower than it was in September 2024. But instead of providing relief, the Fed raised rates, increasing borrowing costs and tightening financial conditions immediately before voters decide whether Republicans retain Congress.
The Fed claims inflation requires action. But the current increase is being driven heavily by energy prices, war, tariffs, and supply disruptions. Raising interest rates will not produce a single barrel of oil, reopen a shipping route, end a war, or eliminate a tariff.
It will make mortgages, credit cards, business loans, construction, and investment more expensive. It’s like the point is to weaken the economy before the election. It’s ridiculous.
Before the 2024 election, the Fed used its discretion to help the Democratic incumbent.
Before the 2026 midterms, it used that same discretion to hurt the Republican incumbent.
The Fed put its hand on the scale in 2024.
It is doing it again in 2026.
Ummm....NO.
But it had gained how much this year?? I doubt you have a real loss. My daughter said they’re way ahead of where they were a few years back.
Surprised it took them this long to raise rates. It has been above the target (which is too high, anyway) for a long time.
The inflation is mostly from oil price. Raising the interest rate is not going to do a thing about that.
1/4 pt increase. No surprise here.
“Before the 2024 election, the Fed used its discretion to help the Democratic incumbent.”
And Harris/Democrats still lost.
Mostly false / oversimplified.Part 1: “The inflation is mostly from oil price”Partially true for the recent headline number, but not accurate overall.
August 2026 CPI (latest full data): Headline inflation = 3.4% year-over-year.
Energy was up ~16.3% YoY (gasoline alone +27.4% YoY). Gasoline alone accounted for more than one-third of the monthly CPI increase in August. The recent elevation and volatility in headline inflation is heavily driven by oil/energy prices linked to Middle East supply disruptions.
However, core CPI (excludes food and energy) is still running at about 2.4% YoY — above the Fed's 2% target. Shelter, services, and other categories continue to contribute. The Fed under Chair Warsh is focused on these underlying trends, not just the energy spike.
Oil is a major current driver of the headline rate, but it is not “mostly” the entire inflation story.
Until today up 8.5% from one year ago.
“Oil is a major current driver of the headline rate, but it is not “mostly” the entire inflation story.”
*************
Correct. Another significant driver has been the ever increasing money supply.
https://www.zerohedge.com/economics/money-supply-growth-accelerated-july-59-month-high
Democratic Party Net Favorability:
2018: 🟡 Even
2026: 🔴 Unfavorable -25
So to be clear
Raising the interest rates will reduce the price of oil ?
Answer : no it won’t and once again we are ruled by the FED that clearly wants a democratic senate and house to impeach the President so their political preferences among the Elite can reign.
“”Answer : no it won’t and once again we are ruled by the FED that clearly wants a democratic senate and house to impeach the President so their political preferences among the Elite can reign.””
***
That is exactly how I see things.
To be fair? The Fed mandate is dual-tracked — control inflation but don’t wreck growth/unemployment.
I do quite agree - the Fed has been too slow to raise rates when they should. I just mentioned in another thread that the last time we had a Fed chairman able to knock some heads, do the proper thing - near-term politics be damned - was Volcker.
Longterm - and that’s what the Fed is (and should) be worried about and to its limited ability to navigate the *very* limited things it can control?
I’m quite encouraged by Warsh. He’s doing the best he can with limited tools and he made the right call. Time will tell but I like the statement and the decision.
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