‘Inflation is too high and has been for too long,’ says Kevin Warsh as Fed announces rate hikes

‘Inflation is too high and has been for too long,’ says Kevin Warsh as Fed announces rate hikes — Live Feedhttps://www.live-feeds.com/feed/inflation-is-too-high-and-has-been-for-too-long-says-kevin-warsh-as-fed-announces-rate-hikesContinuously updated, source-cited coverage. Fed Hikes Rates for First Time in Three Years to Combat Persistent Inflationhttps://www.live-feeds.com/feed/inflation-is-too-high-and-has-been-for-too-long-says-kevin-warsh-as-fed-announces-rate-hikeshttps://www.live-feeds.com/feed/inflation-is-too-high-and-has-been-for-too-long-says-kevin-warsh-as-fed-announces-rate-hikes#u73275Thu, 17 Sep 2026 19:21:35 +0000Federal Reserve Chairman Kevin Warsh announced an interest rate hike, the first in three years, to address inflation he described as too high for too long. Warsh called the move a "serious" and "responsible" decision. US stocks dropped sharply following the announcement and signals that further hikes may follow. Prior to the decision, traders had estimated a better than 90% probability that the FOMC would raise the overnight funds rate by a quarter point.Why it mattersThe Federal Reserve uses interest rate adjustments to control inflation and stabilize the economy. A rate h