Sabri Beneshour
speaker
721 appearances
12 recordings
1 series
first heard Jan 2026
last heard 16 Sep
Sabri Beneshour’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 — 12 in all, peaking in Jul 2026 with 6.
Appearances
In New York, I'm Sabri Beneshour, in for Kai Risdahl.
It is Wednesday, July 29th.
Glad you are here.
That was Federal Reserve Chairman Kevin Warsh at his second-ever press conference since getting that job, the occasion being that the Fed just wrapped up its big two-day meeting today.
The main point of that meeting was to figure out what to do with interest rates.
Where should interest rates be to fight inflation but also protect jobs?
And today, the Fed went with...
Leaving rates right where they are, although not unanimously.
Three out of the 12 voting members on the committee actually voted to raise interest rates.
It was the first time since 2016 that there's been a dissent like that, all in one direction.
Now, why would they vote like that?
Well, it means those members think the Fed should fight inflation more aggressively.
But Warsh pointed out markets are kind of already doing that for the Fed.
Like market interest rates have risen on their own in the past month.
Now, in explaining why the Fed ended up deciding to leave rates alone, it basically said, look, inflation isn't great, higher than we want, but the job market is actually OK.
And there's just a lot of uncertainty.
So, you know, let's just not do anything hasty.
But Warsh said, as he has said many times these past eight weeks, one way or another, the Fed will get inflation down.
Hopefully, because inflation has been above the Fed's target for more than five years now.
Wall Street today, not pretty.
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