Federal Reserve expected to announce interest rate increase – live

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Published: 2026-09-16T18:05:58.787Z • Permanent link

Kevin Warsh, Donald Trump's pick for Fed chair, is expected to raise interest rates despite intense pressure from the president. The decision comes as the Federal Reserve faces mounting pressure to address inflation, which has been at a 40-year high. Warsh, a former Fed governor and Goldman Sachs executive, has been vocal about his commitment to taming inflation and has made several high-profile speeches on the topic. His appointment has been met with skepticism by some, who fear that his views may be too hawkish for the Fed.

Warsh's decision is likely to be influenced by data from the Fed's Beige Book, which provides a detailed snapshot of economic conditions across the US. The Beige Book is expected to reveal signs of slowing growth and increased inflationary pressures, which could justify a rate hike. The Fed's Federal Open Market Committee (FOMC) is also expected to consider data from the National Economic Index (NEI), which tracks economic indicators such as housing starts and manufacturing activity.

Warsh's decision is also expected to be influenced by the president's own views on monetary policy. Trump has been critical of the Fed's handling of interest rates, which he believes has led to a weak dollar and a decline in economic growth. Warsh has been vocal about the need for the Fed to be more independent and to prioritize price stability over economic growth.

Warsh's decision is likely to have significant implications for companies that are heavily influenced by monetary policy, such as banks and other financial institutions. Companies in the tech sector, which have benefited from the low interest rate environment, may also be affected by a rate hike. Research communities that focus on monetary policy and economic indicators may also be impacted, as Warsh's views on inflation and interest rates are likely to shape the Fed's future decisions.

The impact of Warsh's decision will also be felt in the markets, where interest rates are a key driver of economic activity. A rate hike could lead to increased borrowing costs for consumers and businesses, which could slow economic growth. The impact will also be felt in the housing market, where rising interest rates could make it more expensive for people to buy homes.

Warsh's decision is part of a larger pattern of increased pressure on the Fed to address inflation. The Fed has been grappling with the challenge of taming inflation, which has been at a 40-year high. The Fed has already raised interest rates several times this year, and is expected to do so again in the coming months. The pressure on the Fed comes from a range of sources, including the president, Congress, and the markets.