Rise and shine: Warsh’s Fed rate test

The Intelligence from The Economist · Sep 17, 2026 · 21m

The Federal Reserve has raised interest rates for the first time since July 2023. For the central bank’s new chair Kevin Warsh, that decision was a test both of monetary policy and politics. A governor’s election in Okinawa is a boon to Japan’s military ambitions. And why summer is a casualty of climate change.

Guests and host:

Archie Hall, acting economics editor

Moeka Iida, East Asia reporter

Andrew Miller, special correspondent

Rosie Blau, co-host of “The Intelligence”

Topics covered:

Federal Reserve, Kevin Warsh, interest rates, inflation

Okinawa, Japan

Summer, climate change, heatwave…