Memo From the Chief Economist

Memo From the Chief Economist

Will Warsh Risk a Recession to Get to +2% Inflation?

A watershed moment at the Warsh-led Fed

David Rosenberg's avatar
David Rosenberg
Sep 18, 2026
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These comments were cribbed from Kevin Warsh’s press conference.

“We believe that the unemployment rate is basically running consistent with full employment.”

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