On the record · Updated October 1, 2026
Fed chairman
34 things Kevin Warsh said, verbatim, from June 16, 2026 to September 17, 2026, each linked to where it ran. Grouped by the story each one belongs to.
More on the record
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“The least well-off are the ones who have the most to gain from stable prices.”
on Warsh defending the rate hike as best for lower income Americans
PBS NewsHour Interest rate hike a 'reassuring' sign Fed is acting independently, economist says ›
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“There's no hiding from hotspots around the world and our judgment about what is the most likely or least likely of the geopolitical situation has changed.”
on justifying the rate hike without naming Trump's Iran war as the cause
The Bulwark Here’s Who Trump Should Blame for the Rate Hike He’s Raging About ›
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“Our decision comes at a time when the economy appears to be strengthening,”
on the Fed's first rate hike in three years
Breitbart News Unanimous Federal Reserve Hikes Interest Rates for First Time in 3 Years ›
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“The plain fact is that inflation is too high and has been for too long.”
CBN News Fed Rate Hike Means Tiny Increase on Credit Cards, Little Impact on Car Loans and Mortgages ›
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“But once the economy turns away from you, and there are existing price pressures, such as rising energy prices, factors coming from the AI build-up, it’s no longer enough for you to just convey this insistence that price stability is important.”
USA Today New Fed chair doesn’t want you to know what he’s thinking. Here’s why. ›
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“That this Fed chairman feels better about this board and this committee’s ability to deliver than I did when I showed up here on the first day, and I showed up pretty confident.”
on confidence in the new Fed chair's ability to manage the committee
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“Market participants are learning to play the ball, not the referee — and market prices will continue to respond in the direction and magnitude they see fit,”
Associated Press Trump has been losing his battle to cut interest rates ›
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“Our credibility rests on performing our duties and delivering on our responsibilities. Americans are right to expect that because our nation’s prosperity depends on it.”
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“This is not an excuse. This is a fact: This FOMC, this board has been in business for eight and a half weeks. ...The impatience that household and businesses feel has been going on for 63 months.”
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“But, the suggestion that we’re going to be able to do it with our magic wands is one I want to disabuse you and everyone else of.”
on the Fed chair pick tempering hopes for a quick inflation fix
USA Today It wasn't unanimous, but the Fed continued its pause on interest rates ›
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“but the suggestion we are going to be able to wave with our magic wand is one I want to disabuse you and everyone else of”
on the Fed having no quick fix for prices above target for five years
BBC News 'No magic wand' to tackle high prices, Fed boss says as US interest rates held ›
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“We are on the job. We will deliver. We are focused like a laser on making sure we can do it. But, the suggestion that we’re going to be able to do it with our magic wands is one I want to disabuse you and everyone else of.”
on Fed officials pushing back on expectations they can quickly fix rates
USA Today It wasn't unanimous, but the Fed continued its pause on interest rates ›
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“We didn’t hide from them. We weren’t scared of them. There was a lot more interaction between my colleagues, it was a real family fight. My view, which you’ve long heard, is that’s the better way to get policy right.”
on internal Fed debate before the vote to hold interest rates steady
The Guardian Fed holds interest rates steady despite Trump’s renewed calls to lower them ›
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“If we get policy right, and I can assure you we will, the inflation surge of the last five years will be a thing of the past,”
on the Fed's hard-to-predict July interest rate decision and inflation outlook
USA Today Fed chair 'an enigma:' Why July interest rate move is hard to predict ›
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“Because I don’t really understand the theory or the case that interest rates undo tariffs or that interest rates undo high oil prices,”
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“I think they are incredibly talented, and we will make sure to take both parts of our dual mandate in consideration of their output.”
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“When the private sector deploys this amount of capital, they must see something shiny at the other end of that rainbow,”
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“Even so, new opportunities for the economy introduced new challenges for central bankers. We at the Fed are monitoring the implications for employment and for inflation.”
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“Inflation is a choice. The members of our committee have no tolerance for persistently elevated inflation, and we share a resolute commitment to restore price stability,”
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“[If] he publicly criticizes you and tells you how disappointed he is in you and all of that, will you still do what the data tells you to do?”
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“At the Fed, we don’t yet know fully the extent to which the economy will benefit from AI. Yet it seems inevitable that what we’re now calling AI investment will soon just be called investment,”
on AI investment becoming inseparable from overall economic investment
USA Today Inflation cools in June, Fed chair Warsh tells Congress job not done ›
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“If there were a change in balance sheet policy, we would preview it, explain it, debate it, and no changes in balance sheet policy would happen without good advance notice to the likes of this committee and broadly, financial markets,”
CNN Takeaways from Fed Chairman Kevin Warsh’s first congressional testimony ›
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“I guess they'd be disappointed. We're going to deliver price stability.”
on Fed Chair Warsh's focus on inflation despite political pressure for cuts
PBS NewsHour - Politics Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation ›
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“a very significant effect on particular prices,”
USA Today Fed got a new chair. What's changing at the central bank under Warsh ›
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“recognize that inflation has been running well ahead of the Fed's long-stated inflation goal,”
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“Financial market prices are probably the most important source of information to guide central bankers.”
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“I see no reason until we have reestablished our commitment and ability to deliver on the 2% inflation objective to revisit that,”
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“but the recent past need not be prologue. I am pleased to report that members of the FOMC are unambiguous and unanimous: This committee will deliver price stability.”
on Warsh's first Fed meeting as chair with rates held steady
USA Today Fed's Warsh era starts with rates unchanged, price stability promised ›
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“Inflation is a choice, and the Fed must take responsibility for it,”
on incoming Fed chair Kevin Warsh's stance on inflation and Fed accountability
Associated Press All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates ›
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“Recall, he’s been basically lambasting them for years and criticizing them in a way that I think would make it really difficult for him to lead this institution,”
on Trump's past criticism of the Fed complicating Kevin Warsh's leadership
USA Today Kevin Warsh's first Fed meeting could bring unwelcome news for Trump ›
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“AI is perhaps the most significant change in our economy in my adult lifetime. AI will be a significant disinflationary force, increasing productivity and bolstering American competitiveness.”
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“I believe that this is a long-term job creator, but will it be disruptive and will some people have their jobs at jeopardy because of the new technologies?”
USA Today Can the Fed lower inflation? 5 takeaways from Warsh on Capitol Hill. ›
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“I would expect, before they come to their conclusions, they are going to hear from folks that will be affected. They are going to hear from employers that are getting struck with this technology shock and have disruption in their labor force,”
USA Today Can the Fed lower inflation? 5 takeaways from Warsh on Capitol Hill. ›
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“What it’s changing is the method of innovation and the speed of innovation, and I can’t think of a country on earth as well positioned to take advantage of it,”
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