Warsh explains Fed rate hike logic to Trump
- —The Fed raised rates by 25 bps to 3.75–4% on September 16, 2026
- —First rate hike since 2023
- —Warsh: inflation is too high and has persisted too long
- —FOMC projections allow for another hike in 2026
Why it matters: Higher rates raise the cost of capital and weigh on risk assets including crypto, while the Fed's conflict with the White House adds uncertainty.
Source: Crypto Briefing