SUMMARY OF FED CHAIR WARSH'S STATEMENT (9/16/26): 1.

Warsh says the decision to hike rates comes at a time when the economy is "strengthening" 2. Warsh says he is "hard-pressed to call financial conditions restrictive" 3. The view that conditions are not restrictive was "widely shared by the FOMC" 4. Warsh says the predominant focus of the Fed is on price stability 5. Warsh says he did not submit a dot for the Fed's dot-plot 6. The Fed "must be confident that inflation is moving to our 2% objective" The Fed is highly committed to obtaining 2% inflation.

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