US Federal Reserve Chair Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on September 16, 2026. The US Federal Reserve on Wednesday raised interest rates in the world's largest economy by 25 basis points to tackle stubbornly high inflation, a move sure to anger President Donald Trump, who has demanded lower rates. (Photo by SAUL LOEB / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on September 16, 2026. The US Federal Reserve on Wednesday raised interest rates in the world's largest economy by 25 basis points to tackle stubbornly high inflation, a move sure to anger President Donald Trump, who has demanded lower rates. (Photo by SAUL LOEB / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on September 16, 2026. The US Federal Reserve on Wednesday raised interest rates in the world's largest economy by 25 basis points to tackle stubbornly high inflation, a move sure to anger President Donald Trump, who has demanded lower rates. (Photo by SAUL LOEB / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on September 16, 2026. The US Federal Reserve on Wednesday raised interest rates in the world's largest economy by 25 basis points to tackle stubbornly high inflation, a move sure to anger President Donald Trump, who has demanded lower rates. (Photo by SAUL LOEB / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on September 16, 2026. The US Federal Reserve on Wednesday raised interest rates in the world's largest economy by 25 basis points to tackle stubbornly high inflation, a move sure to anger President Donald Trump, who has demanded lower rates. (Photo by SAUL LOEB / AFP via Getty Images)

FILE - President Barack Obama awards the 2014 National Humanities Medal to author Annie Dillard of Key West, Fla., during a ceremony in the East Room at the White House in Washington, on Sept. 10, 2015. (AP Photo/Andrew Harnik, File)

FILE - President Barack Obama appears with author Annie Dillard, recipient of the 2014 National Humanities Medal, during a ceremony in the East Room at the White House in Washington on Sept. 10, 2015. (AP Photo/Andrew Harnik, File)

WASHINGTON, DC - SEPTEMBER 16: U.S. House Minority Leader Hakeem Jeffries (D-NY) arrives for an event on affordability on the steps of the U.S. Capitol on September 16, 2026 in Washington, DC. House Democrats held an event to outline their affordability agenda and to speak out against Republican policies and rising inflation and its effects on everyday Americans. (Photo by Kevin Dietsch/Getty Images)