Fed's Kevin Warsh Says 2% Is 'Firm, Fixed Target,' McDonald’s CEO Sees Years of Elevated Inflation — Peter Schiff Asks ‘Who Do You Believe?’
Investor Peter Schiff questioned Federal Reserve Chair Kevin Warsh ‘s inflation outlook after McDonald’s Corp. (NYSE: MCD ) CEO Chris Kempczinski warned elevated inflation and squeezed household budgets are hurting customer traffic across the restaurant industry. ‘Who Do You Believe?’ “Today the McDonald’s CEO said he thinks ‘inflation’s going to be with us for, unfortunately, many more years at an elevated level,'” Schiff said in a post on X on Wednesday. He contrasted it with Warsh’s position that inflation expectations remain firmly anchored at 2% and that the Fed will ultimately hit that target. “Who do you believe?” he added. Today the McDonald’s CEO said he thinks "inflation’s going to be with us for, unfortunately, many more years at an elevated level." In contrast, Warsh claims that inflation expectations remain well anchored at 2% and that the Fed will deliver 2% inflation. Who do you believe? — Peter Schiff (@PeterSchiff) September 23, 2026 At McDonald’s Investor Day, Kempczinski said “industry traffic growth in our wholly owned markets will be flat while inflation remains elevated,” adding that “the winners will be the companies that create more demand and deliver it mor
Investor Peter Schiff questioned Federal Reserve Chair Kevin Warsh ‘s inflation outlook after McDonald’s Corp. (NYSE: MCD ) CEO Chris Kempczinski warned elevated inflation and squeezed household budgets are hurting customer traffic across the restaurant industry. ’ “Today the McDonald’s CEO said he thinks ‘inflation’s going to be with us for, unfortunately, many more years at an elevated level,'” Schiff said in a post on X on Wednesday. He contrasted it with Warsh’s position that inflation expectations remain firmly anchored at 2% and that the Fed will ultimately hit that target.
” he added. " In contrast, Warsh claims that inflation expectations remain well anchored at 2% and that the Fed will deliver 2% inflation. Who do you believe? ” In an interview with CNBC, the CEO said he was not expecting things to change.
” The Fed raised its benchmark rate by 25 basis points last week, its first hike since 2023. S. 9% for the month, alone accounting for more than a third of the overall price increase. 1719 a year ago, according to AAA.
5276 a gallon Tuesday. 33 a barrel amid the ongoing Iran conflict, and the resulting pump price run-up is squeezing household budgets. 19. 48% in after-hours.
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