Chairman Kevin Warsh speaks after Federal Reserve raises interest rate by 25 bps — 9/16/2026

Watch on YouTube ↗  |  September 16, 2026 at 19:03  |  34:25  |  CNBC
Speakers
Kevin Warsh — Federal Reserve Chairman

Summary

Federal Reserve Chairman Kevin Warsh delivered remarks after the FOMC raised its benchmark interest rate by 25 basis points to a 3.75%-4% target range, the first hike in over three years. Warsh cited elevated inflation and a strengthening economy as reasons for removing accommodation, while declining to provide forward guidance. In the Q&A, he discussed inflation trends, commodity prices, long-term Treasury yields, AI, and the labor market.

  • FOMC raised the federal funds rate by 25bp to 3.75%-4%, citing elevated inflation.
  • Warsh said economic activity is solid, productivity strong, and capital investment robust.
  • He noted inflation remains too high, with total PCE around 3.6% and core PCE around 3.2%.
  • Commodity prices and key input prices have risen and bear watching.
  • Long-term Treasury yields rose due to economic strength, hyperscaler capital competition, and geopolitics.
  • Warsh declined to give forward guidance and said the Fed is not data-point dependent.
  • He mentioned a Fed task force on AI implications and said the labor market is at full employment.
Ideas
Kevin Warsh Federal Reserve Chairman 8:43
Commodity prices rising, bear watching.
He noted in Jackson Hole that overall commodity prices bear watching, and over the intermeeting period the prices of many key inputs have risen, which supports the view that inflation pressures remain elevated. This is a commodity market setup to monitor.
DBC MED
Kevin Warsh Federal Reserve Chairman 27:25
Long-term yields driven by growth, capex, geopolitics.
He said long-term bond yields have risen for three reasons: economic strength, competition for capital as hyperscalers raise funding, and geopolitics. He called the 10-year Treasury the most important asset and the risk-free asset, making it a key setup to monitor.
TLT MED
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This CNBC video, published September 16, 2026, features Kevin Warsh discussing DBC, TLT. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kevin Warsh  · Tickers: DBC, TLT