Trending claims

Federal Reserve officials revised their estimates for 'core' inflation up to 3.4%.

The Federal Reserve's 2% inflation target is not expected to be reached until 2029.

Most Fed officials project that inflation, as measured by the PCE price index, will end the year at 3.7%.

Statement: Donald Trump suggested to reporters that he had spoken to Kevin Warsh and blamed the other six members of the Board of Governors for the rate hike.

Fact: In the month prior to September 16, 2026, Treasury Secretary Scott Bessent undertook interventions to lower borrowing costs.

Statement: Fed Chairman Kevin Warsh attributed the rise in long-term borrowing costs to higher growth prospects, competition for capital for AI, and geopolitics.

Fed Chairman Warsh said he is more focused on inflation trends than on specific 'noisy' data points.

Statement: When asked about Donald Trump's demands, Fed Chairman Kevin Warsh said the Fed's job was to 'stay in our lane'.

Fed Chairman Warsh stated at the Jackson, Wyo. conference that the Fed must be confident underlying inflation is moving towards its objective at sufficient speed.

Fact: In the Federal Reserve's 'dot plot', four officials projected rates would need to rise by 0.5 percentage points by the end of 2026.

Statement: On September 16, 2026, Donald Trump reiterated that U.S. interest rates should be 1% or less.

Fact: Kevin Warsh was selected by President Trump to lead the Federal Reserve and assumed the role in May 2026.

Fact: On September 16, 2026, the S&P 500 closed down 0.4%, the Nasdaq Composite was lower, and the Dow Jones was down over 1%.

Statement: Donald Trump said during the selection process he would only choose a Fed chair candidate who supported lower borrowing costs, and later vowed to respect Kevin Warsh's independence.

Fact: Donald Trump did not publicly criticize Kevin Warsh for the decision to raise rates, unlike his approach with former chair Jerome H. Powell.

Fact: Following the Fed's announcement, the 2-year Treasury yield rose to 4.7%, the 10-year was around 5%, and the 30-year was 5.35%.

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.

Fact: The Federal Reserve raised interest rates by 0.25 percentage points on September 16, 2026, the first increase since July 2023.

Statement: The Federal Reserve stated its rate increase will support a return to its 2% inflation goal.

Statement: Fed Chairman Kevin Warsh said that inflation is too high and has been for too long.