*Sep 16: FOMC unanimous 25bp hike to $SAND $CT $MAGMA 3.75-4.00% — first hike in 3 years — Warsh: "sober, serious and responsible decision" — "plain fact is inflation is too high and has been for too long" — stable prices problem for 5.5 years — 16 of 18 officials pencil in at least one more hike in 2026*
- *Trump response that night in NC: "I'm relying on Kevin, but he's got a very tough board" — "They're doing the wrong thing. They're a bunch of politicians" — "I told Kevin, you might as well vote with board because it's not going to matter, board is very hostile" — said he gave Warsh hall pass — also Truth Social: rates "should be 1%, or less" — "LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!"*
- *Oct 1 TIME update: Trump now says "I don't blame Kevin Warsh. I probably would have voted against the board if I were him" — later same day: wants Warsh to "vote the way he wants" — blamed inflation on Biden, said high rates will hurt growth*
- *Context: Warsh is Trump's own pick (sworn May 22 to replace Powell), took office June after Senate fight, initially held steady, then led hawkish turn despite months of Trump demanding cuts — Warsh: no forward guidance submitted — interest on federal debt topped $1T fiscal 2026 — board includes 3 Trump appointees who all voted for hike*
*BREAKING 🚨 Fed Sep 16 hikes to 3.75-4.00% first time since 2023 — Trump blames board not Chair Warsh ⚡ "I'm relying on Kevin, but he's got very tough hostile board…bunch of politicians doing wrong thing" — says told Warsh "might as well vote with board" — demands 1% or less on Truth Social — Warsh calls hike "sober responsible" inflation too high — 16/18 expect another hike 2026 📢*
- *Trump response that night in NC: "I'm relying on Kevin, but he's got a very tough board" — "They're doing the wrong thing. They're a bunch of politicians" — "I told Kevin, you might as well vote with board because it's not going to matter, board is very hostile" — said he gave Warsh hall pass — also Truth Social: rates "should be 1%, or less" — "LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!"*
- *Oct 1 TIME update: Trump now says "I don't blame Kevin Warsh. I probably would have voted against the board if I were him" — later same day: wants Warsh to "vote the way he wants" — blamed inflation on Biden, said high rates will hurt growth*
- *Context: Warsh is Trump's own pick (sworn May 22 to replace Powell), took office June after Senate fight, initially held steady, then led hawkish turn despite months of Trump demanding cuts — Warsh: no forward guidance submitted — interest on federal debt topped $1T fiscal 2026 — board includes 3 Trump appointees who all voted for hike*
*BREAKING 🚨 Fed Sep 16 hikes to 3.75-4.00% first time since 2023 — Trump blames board not Chair Warsh ⚡ "I'm relying on Kevin, but he's got very tough hostile board…bunch of politicians doing wrong thing" — says told Warsh "might as well vote with board" — demands 1% or less on Truth Social — Warsh calls hike "sober responsible" inflation too high — 16/18 expect another hike 2026 📢*
