Fed Chair Warsh Says Plain Fact Is Inflation Is Too High And Has Been For Too Long; Summer Data Does Not Tell Me Inflation Situation Has Improved; Too Many Categories Are Posting Increases Above 3% On Both 6 And 12 Month Basis; In July We Expressed Joint Readiness To Act; We Must Be Confident Underlying Inflation Must Be Moving To 2% On Timely Basis; FOMC Decided This Has Not Been Met; Did Not Submit A Dot; Fed Has A Role In Sustaining Economic Progress Occurring Right Now
9/16/2026
Impact: -75
Financial Services
Federal Reserve Chair Warsh stated that inflation remains excessively high and has not shown significant improvement, with many categories recording increases above 3% over both 6 and 12 months. He emphasized the need for confidence that underlying inflation will move towards the 2% target in a timely manner, noting that the Federal Open Market Committee (FOMC) has not yet met this condition. Warsh reiterated the Fed's role in supporting ongoing economic progress.
AI summary, not financial advice
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