{
  "id": 7852049,
  "title": "Federal Reserve Chair Warsh: Inflation trends were not passing the test",
  "url": "https://urgent.news/2026/09/16/federal-reserve-chair-warsh-inflation-trends-were-not-passing-the-test",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T19:00:22.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/federal-reserve-chair-warsh-inflation-trends-were-not-passing-the-test-202609161900"
  },
  "original_language": "en",
  "account": "Federal Reserve Chair Kevin Warsh declared during a press conference following the Federal Open Market Committee's decision to raise the Funds Target Range that inflation trends were not meeting expectations. He expressed concerns about persistently high inflation and noted that he had seen little change in recent times. Chair Warsh referred to financial conditions as not restrictive, a view shared widely by the FOMC. The committee removed some accommodation in their policies, and Warsh's hawkish remarks pushed the US Dollar Index above 100.00, prompting speculation of two more rate hikes by year-end. US Dollar emerged as the strongest against major currencies, including the New Zealand Dollar. The Federal Reserve announced a 25 basis points rate hike as expected, with Chair Warsh delivering hawkish comments about inflation. Gold prices fell as the US Dollar strengthened, and hawkish remarks fueled bets for further hikes. Japan's ultra-low interest rates had historically been a major funding source, but as the Bank of Japan tightened policy, its advantage may be diminishing.",
  "summary": "Federal Reserve (Fed) Chair Kevin Warsh is holding a press conference following the Federal Open Market Committee (FOMC) decision to raise the Funds Target Range to 3.75%–4.00%, as expected.",
  "key_points": [
    "Federal Reserve Chair Kevin Warsh stated inflation trends were not meeting expectations.",
    "He expressed concerns about persistently high inflation with little recent change.",
    "Warsh's hawkish remarks pushed US Dollar Index above 100.00, signaling potential further rate hikes."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Hill",
        "title": "Trump offers fiery response to Federal Reserve rate hike",
        "url": "https://urgent.news/2026/09/16/trump-offers-fiery-response-to-federal-reserve-rate-hike",
        "published": "2026-09-16T21:08:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}