Fed Chairman Warsh press conference on Fed policy decision [FULL]

The Federal Reserve left interest rates unchanged, but Chairman Kevin Warsh delivered one of his clearest statements yet about how he wants the Fed to operate. In this press conference, Warsh explains why the Federal Reserve is stepping back from forward guidance, why markets should respond to economic data instead of Fed messaging, why Treasury yields have already tightened financial conditions without additional rate hikes, and why the Fed remains committed to returning inflation to its 2% target. Warsh also discusses AI-driven capital spending, stronger business investment, the role of financial markets in setting policy, inflation expectations, Jackson Hole, and the debate inside the FOMC following a 9-3 vote to hold interest rates steady. Timestamps 00:00 Fed holds rates 9-3 00:47 No "soft" inflation target 02:57 Treasury yields are doing the tightening 03:30 Markets are learning to ignore the Fed 04:30 Why forward guidance is fading 05:02 AI investment is reshaping the economy 06:27 The Fed's four biggest questions 07:39 Why markets matter more now 10:55 Inside the 9-3 "family fight" 12:40 Why June inflation didn't change the decision 14:06 Should rates already be higher? 17:11 Can the Fed still beat inflation? 19:06 Are supply shocks changing inflation? 20:26 Why this wasn't a pause 21:38 Jackson Hole preview 24:01 Can inflation and employment both improve? 29:34 Warsh explains his reaction function 34:23 "What are you waiting for?" 37:14 Defending the Fed's AI task forces 39:27 Why the Fed still hasn't raised rates 43:08 The real news from today's meeting #FederalReserve #KevinWarsh #Fed #InterestRates #Inflation #Economy #MonetaryPolicy #YahooFinance Rates, schmates. The real question is, will Fed Chairman Kevin Warsh provide a Task Force update?

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