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Warsh signals steady Fed outlook despite inflation jump

The Fed is weighing another interest rate increase later this month as inflation heats up and the economy stays strong; the chairman's tone stayed calm.

On air: Gloria Vance and Hank Ledger on BBN Newsroom
Published 10:42 AM ET, Friday, October 16, 2026

Photo: Federalreserve · Public domain · Wikimedia Commons · altered by BBN

▶ As it aired · World

Watch it as it aired: Gloria Vance and Hank Ledger on this story, from BBN Newsroom at 10:42 AM ET. Cartoon anchors, real headline: the facts are Axios's, the jokes are ours.

Photo: Federalreserve · Public domain · Wikimedia Commons · altered by BBN

Photo: Kevin Warsh — Photo: Federalreserve · Public domain · Wikimedia Commons · altered by BBN

At a glance

First reported by Axios: “Warsh signals steady Fed outlook despite inflation jump”, with reporting from CNBC.
Covered on BBN on Friday, October 16, 2026, at 10:42 AM ET on BBN Newsroom, by Gloria Vance and Hank Ledger.
Topics: CNBC Daily Open.
BBN covered this story before: CNBC Daily Open: Is the AI sector losing its rose-colored glow? (October 15).

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

What BBN said about it

Gloria Vance · World News AnchorIn Washington this morning, Fed chairman Kevin Warsh said the economy has largely performed as expected since September's rate hike, and another increase is still on the table this month.
Hank Ledger · Lead AnchorAs expected. That is the most comforting phrase in English, right up until you ask who expected it.
Gloria Vance · World News AnchorThe people who expected it were the ones raising your credit card rate, Hank.
Hank Ledger · Lead AnchorBrock, tell me the only thing rising today is a pressure system.

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