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Statement: Fed Chairman Kevin Warsh said that inflation is too high and has been for too long.
Fact: The Federal Reserve raised interest rates by 0.25 percentage points on September 16, 2026, the first increase since July 2023.
Fact: The Federal Reserve's 'dot plot' showed most policymakers expect at least one more 0.25-point rate increase by the end of 2026.
Statement: Fed Chairman Kevin Warsh said the U.S. economy remained strong and unemployment was low.
Senator Cory Booker called the proposed college sports bill 'unjust'.
Senator Cory Booker noted that coaches at public universities are often the highest-paid public employees in their states.
Senator Chris Coons said a proposed bill adds protections for student athletes, including scholarship guarantees, extended health coverage, and a 5% cap on agent payments.
Senator Cory Booker said the proposed legislation unfairly restricts player compensation but not coach compensation.
Senator Cory Booker is a Democrat from New Jersey and a former Stanford football player.
Senator Chris Coons stated that without stability measures, college sports might not exist in another year or two.
Senator Maria Cantwell stated that statistics show the majority of college athletic departments currently cannot make ends meet.
A proposed Senate bill on college sports includes exceptions for player transfers if a coach quits or a sport is eliminated.
Senate Majority Leader John Thune had promised backers of the Protect College Sports Act a vote on bringing the bill to the floor after the August recess.
The Protect College Sports Act would allow one college transfer and require athletes to sit out a year after a second transfer, with some exceptions.
The Protect College Sports Act would guarantee athletes' right to name, image, and likeness (NIL) compensation.
A proposed Senate bill on college sports limits midseason coaching moves.
NAACP President Derrick Johnson said 'Sharecropping is over' in reference to college sports on a media call organized by the AFL-CIO.
The NCAA previously barred name, image, and likeness compensation but changed its rules under pressure to allow paid endorsement deals for athletes.
Members of the Congressional Black Caucus oppose the Protect College Sports Act.
In 2024, the NCAA changed a rule that had restricted how and when college athletes could transfer between schools.