Fed chair Kevin Warsh said determining how restrictive monetary policy is "is not easy." He said he finds it hard to describe financial conditions as restrictive and that colleagues share that view, but added Wednesday's rate hike "removed a dose of accommodation" to bring financial and credit conditions more in line with the Fed's objectives.

2026-09-17

Fed chair Kevin Warsh said determining how restrictive monetary policy is "is not easy." He said he finds it hard to describe financial conditions as restrictive and that colleagues share that view, but added Wednesday's rate hike "removed a dose of accommodation" to bring financial and credit conditions more in line with the Fed's objectives.