Trump Says US 'Carrying' the World, Calls for Lower Rates — Chuck Schumer Calls It 'The Inevitable Result' of President's 'Failures'

President Donald Trump slammed the Federal Reserve for raising interest rates Wednesday, renewed his demand for rates at 1% or lower, and urged the Fed to cut rates quickly. S. 00%, its first hike since 2023, with all 12 voting members backing the move unanimously. ) said Trump’s own pick doesn’t shield him from blame.

” Trump can put whoever he wants in charge of the Fed, but the same inescapable truth remains: His economy is awful, and it’s getting worse by the day. The Fed hiking rates was the inevitable result of his failures and will raise Americans’ costs in countless ways. — Chuck Schumer (@SenSchumer) September 16, 2026 Rep. ) sarcastically said Warsh “must be a Democratic operative” who should be fired.

Dear @WhiteHouse: Kevin Warsh must be a Democratic operative. You need to fire him. Oh wait, trump hand selected the Fed Chair, and today Warsh said: "THE PLAIN FACT IS THAT INFLATION IS TOO HIGH AND HAS BEEN FOR TOO LONG". November is coming.

— Ted Lieu (@tedlieu) September 16, 2026 The Vote Reveals Who Kevin Warsh Really Is Economist Justin Wolfers said that the unanimous 12-0 vote was the most important signal to come out of the decision, since it showed Warsh voted for higher rates despite Trump’s public pressure for cuts, evidence, the University of Michigan professor said, rules out the fear that Warsh would act as a “ sock puppet ” for the White House. The Fed had little choice given markets had already priced in a 92% probability of a hike, economist Mohamed El-Erian said, arguing that holding rates steady against such strong expectations likely would have driven market yields even higher.

With market expectations sitting at 92%, the Fed had little choice but to deliver a 25-basis-point rate hike, its first since 2023. Holding rates steady against such strong expectations likely would have driven market yields even higher. Perhaps most surprising, however, was the… — Mohamed A. ” Warsh did a good job today in the presser sharing the conditions that led to the hike, but fell short on what would stop the hikes (and undercut the dot plot).

So we ended up with a hawkish hike today. — Claudia Sahm (@Claudia_Sahm) September 17, 2026 ‘Fed Was Backed Into a Corner’ Investor Peter Schiff said the Fed was “backed into a corner” by market expectations rather than acting independently, and that it “didn’t put up enough” when forced to act. Warsh was not being honest when he said the Fed made the rate hike decision on its own. I think the Fed was backed into a corner, and with a 90% probability of a hike, it had to deliver or lose credibility.

It was put up or shut up. Unfortunately, the Fed didn't put up enough. — Peter Schiff (@PeterSchiff) September 16, 2026 James Thorne, Chief Market Strategist at Wellington Altus, called the hike a “policy mistake,” saying it raised rates into what he described as an energy-driven “ negative growth shock ” that rate hikes can’t fix, and said Warsh is “shaping up to be worse” than former Fed Chair Jerome Powell. Fed hikes into a negative growth shock.

The Hall of Mirrors lives! One has to question Warsh’s desire to change the Fed’s reaction function. Yes a policy mistake. — James E.

Thorne (@DrJStrategy) September 16, 2026 Hard to believe but Warsh is shaping up to be worse than Powell. — James E. Thorne (@DrJStrategy) September 17, 2026 Fed hikes into a negative growth shock. The Hall of Mirrors lives!

One has to question Warsh’s desire to change the Fed’s reaction function. Yes a policy mistake. — James E. Thorne (@DrJStrategy) September 16, 2026 Read Also: OpenAI Reveals 6 Cases of AI Models Hiding Mistakes, Making Up Data and Taking Unauthorized Actions: Alignment and Monitoring Not Solved to 'Sufficient Degree' Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.

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