Fed Chair Kevin Warsh Fired Back at President Donald Trump's Interest Rate Critiques With a Blunt 9-Word Statement

Published October 8, 2026 · Category: Finance

Overview

This has been a history-packed year for Wall Street. The Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) have all catapulted to several new highs, and Fed Chair Kevin Warsh was sworn in as only the 17th head of the Fed on May 22.

But the most game-changing event of them all might be Warsh and the Federal Open Market Committee (FOMC) kicking off only the fourth interest rate-hiking cycle of the 21st century on Sept. 16. Fed Chair Warsh and 11 other FOMC colleagues voted unanimously (12-0) to raise the federal funds target rate by 25 basis points to 3.75%-4.00%.

Kevin Warsh and the FOMC just shifted to a rate-hiking cycle. Image source: Official Federal Reserve Photo.

Details

Continue reading

Source

Originally published at www.fool.com.

Related Articles

• Russia's internet giant Yandex halts operations at major data center after drone attack
• 3 Dividend Stocks Down Between 23% and 30% to Buy Right Now and Hold for a Decade
• Should You Buy Stocks in October? History’s Answer is Strikingly Clear.