Trending claims

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: 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%.

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

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

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: 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.

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.

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 that inflation is too high and has been for too long.

Statement: Fed Chairman Kevin Warsh said the U.S. economy remained strong and unemployment was low.

Fact: The Federal Reserve's interest rate increase to a range of 3.75-4% was supported by all 12 members of the Federal Open Market Committee.

Senator Cory Booker noted that coaches at public universities are often the highest-paid public employees in their states.

Senator Cory Booker called the proposed college sports bill 'unjust'.

Senator Cory Booker said the proposed legislation unfairly restricts player compensation but not coach compensation.

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 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.

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.