Matt Grossman
speaker
252 appearances
19 recordings
1 series
first heard Aug 2025
last heard 16 Sep
Matt Grossman’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 18 in all, peaking in Aug 2026 with 4.
Appearances
WSJ What’s News · The Fed Raises Interest Rates For the First Time in Three Years · 16 Sep 2026
podcast
Over the summer, Fed officials really wanted to see inflation making more progress cooling toward their 2% target.
In the latest inflation data we got earlier this month, there just wasn't really the evidence for that.
And given that inflation has been above the Fed's target for five years now, I think many officials' patience was just wearing out.
So we haven't heard from the president just yet.
A White House spokesman called the decision unfortunate.
On Wednesday afternoon, stocks turned a lot lower after the press conference.
You know, that's probably not going to be something President Trump likes very much.
A big part of the challenge here will be for Warsh to handle that tension because it really came to define a big part of Chair Powell's tenure.
We'll see if Warsh can navigate that relationship any more smoothly.
Investors were concerned that a chairman picked by Trump might be someone who's just going to go along with the president's desire for lower interest rates.
The data really weren't cooperating.
And so investors are going to be reassured that, you know, when push came to shove here, Chairman Warsh, even though he was picked by President Trump, still navigated to a rate hike when it was needed.
This has to be reassuring on that front.
They released a dot plot.
This is a set of forward projections for what they anticipate doing next.
Most of the officials wrote down that they expect this was not the last rate hike of the year.
Most of the officials said that they think at least one more is coming this year.
A small handful of officials thought that we could get two more rate hikes this year.
Now, Chairman Warsh does not like the dot plot.
He does not participate.
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