Steve Liesman @steveliesman.bsky.social · 01/10/2026The reason fed interest rate hikes hit the economy with long and variable lags is because it takes time for the overnight rate to affect long-term rates and for those rates to affect the economy. It seems early to say the economy has been remarkably resilient in the face of higher yields. 38327
Steve Liesman @steveliesman.bsky.social · 30/09/2026Well stream this interview live on cnbc as well. 1347
Steve Liesman @steveliesman.bsky.social · 29/09/2026Imagine if we regulated aircraft the way it’s proposed we regulate AI: thru the apparent restraint of liability. Fly the planes. If it falls out of the sky, we’ll fix it. And the manufacturers will be motivated to make good planes by fear of liability cases. Sure, it plays a part but 68216
Steve Liesman @steveliesman.bsky.social · 25/09/2026Warsh's regime change at the Fed pushes ahead – and meets resistance www.cnbc.com/2026/09/25/k...cnbc.comWarsh's regime change at the Fed pushes ahead – and meets resistanceFed Chairman Kevin Warsh is driving rapid change in some areas, while his emerging policy framework suggests further rate hikes remain possible. 2419
Steve Liesman @steveliesman.bsky.social · 22/09/2026Enormously proud of my son Johnny Liesman who, at 26, has his first book deal. I told him not to go into journalism and that should tell you right there just how smart dad is. 1117315
Steve Liesman @steveliesman.bsky.social · 22/09/2026Would just like to be clear in banning journalists the President is attacking journalism. It’s not the individual news organizations or reporters who matter. It’s the ability to report on the government how ever they see fit without retribution from the government. 1123542
Steve Liesman @steveliesman.bsky.social · 21/09/2026I made a couple badges of honor for my banned colleagues. They should wear them with pride. 714121
Steve Liesman @steveliesman.bsky.social · 15/09/2026It’s not just one and done. The CNBC Fed Survey sees a hike at this meeting and at least one more this year. Will it take a series of hikes to tame inflation and the 10-year? www.cnbc.com/2026/09/15/c...cnbc.comNo one and done: The Fed will hike at least two times over the next year, according to CNBC surveyWhile higher oil is cited as a main reason for the change in view, roughly three quarters of respondents see the inflation problem as broader than just energy prices. 76216
Steve Liesman @steveliesman.bsky.social · 14/09/2026It’s amazing to me how Mayor Larry Vaughn from Jaws keeps returning in real life. “The beaches are open, and people are having a wonderful time. ‘Amity,’ as you know, means ‘friendship.’ www.wsj.com/tech/ai/trum...wsj.comTrump Says AI Doesn’t Need More Guardrails and Calls Safety Fears a HoaxThe president alleges that a conspiracy is undermining support for AI and data centers, amid fierce public debate about the technology’s risks. 1629259
Steve Liesman @steveliesman.bsky.social · 14/09/2026How the president’s policies forced the hand of his handpicked fed chairman into a likely hike this week. www.cnbc.com/2026/09/14/w...cnbc.comWarsh's credibility is on the line this week as Trump policies put pressure on Fed to hikeWith inflation above target and no visibility on lower oil prices or stability of tariffs, the Fed chairman needs to pass the test that has faced his predecessors 46819
Steve Liesman @steveliesman.bsky.social · 05/09/2026The administration is turning up the heat on Warsh ahead of the Fed meeting. www.cnbc.com/2026/09/05/t...cnbc.comTrump turns up the heat on Warsh as Fed rate hike loomsTen days ahead of the next Federal Reserve meeting, the Trump administration looks to be in a full-court press to halt a rate hike in its tracks. 96224
Steve Liesman @steveliesman.bsky.social · 05/09/2026The president’s threat to halt trade with countries with which we have a trade deficit is self-defeating, stupid, and a non sequitur. But it’s also serious. Self defeating because countries with trade deficits recycle dollars into treasuries and reduce US interest rates. 1823054
Steve Liesman @steveliesman.bsky.social · 04/09/2026In the parallel universe of right wing conspiracies, firing a promoter of a debunked conspiracy is further evidence of the conspiracy itself. 812614
Steve Liesman @steveliesman.bsky.social · 28/08/2026And now we see the problem: tough talk from Warsh strengthens dollar. Weakens yen. Moves other way from what treas wants. So fed/treas now at cross purposes. 810020
Steve Liesman @steveliesman.bsky.social · 28/08/2026FWIW, I can see after the speech how this new Warsh communication regime can work for markets. He provides functions but not reaction, giving market enough info to create probabilities around possible reactions but promising nothing and getting a clearer signal on market probabilities. 87312
Steve Liesman @steveliesman.bsky.social · 28/08/2026For the first time, fed chairman kevin warsh provided his functions, but continued not to provide his reactions. So he seems to have met his critics halfway. 7729
Steve Liesman @steveliesman.bsky.social · 27/08/2026Someone in the White House spent time today preparing an eo to rename Lake Ontario. The president spent time signing it. In economic terms, was the opportunity cost negative because they could have been doing something more important? Or positive, because they didn’t do something even dumber? 4042670
Steve Liesman @steveliesman.bsky.social · 26/08/2026Markets looking for more from Warsh in Jackson Hole www.cnbc.com/2026/08/26/f...cnbc.comEconomists want Warsh to share more on his view of the economy at Jackson Hole, says CNBC surveyEighty percent of CNBC Fed Survey respondents say the Federal Reserve Chairman Warsh should provide more insight into his economic views. 7336
Steve Liesman @steveliesman.bsky.social · 26/08/2026The fed could look thru tariffs as a one-off rise in the price level if they were one-off. Instead, they seem like they are daily. Might be six months or a year till we can measure the change to the 338 tariffs from ieepa. The new Canada tariffs may not later that much. Until they are raised again 715027
Steve Liesman @steveliesman.bsky.social · 24/08/2026CNBC EXCLUSIVE: Bessent could tap Treasury General Account to fund bond buybacks, sources said www.cnbc.com/2026/08/24/b...cnbc.comBessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources saidUsing the TGA would provide the Treasury with considerable firepower to influence long-term bond yields. 225817
Reposted by Steve LiesmanMatt Peterson @mattpeterson.bsky.social · 19/08/2026Today's treasury buyback move wasn't huge in itself, but it's part of a clear pattern of Bessent intervening to tamp down yields. That is creating a fair amount of market risk for the Treasury, and putting even more pressure on the Fed. With @steveliesman.bsky.social www.cnbc.com/2026/08/19/b... 34722
Steve Liesman @steveliesman.bsky.social · 19/08/2026Bessent moves to curb Treasury yields, putting new pressure on Warsh's Fed www.cnbc.com/2026/08/19/b...cnbc.comBessent moves to curb Treasury yields, putting new pressure on Warsh's FedTreasury's move to buy back more long-term debt cooled a bond selloff, but economists warn it could raise new inflation and independence questions for the Fed 56121
Steve Liesman @steveliesman.bsky.social · 05/08/2026Regarding Treas. Secty's attack on @nicktimiraos.bsky.social: 1. Nick is no stenographer. One of the smartest guys in the room. Wish he were. Would make my life easier. 2. I know Kevin Warsh for a lot of years and pretty sure he doesn't need any help from Treasury managing his press. 1/2 58314
Steve Liesman @steveliesman.bsky.social · 30/07/2026Can’t recall reading such brutal commentary of a fed chairman as the street is laying on Warsh today. JPM’s Feroli: he “…once again failed to specify how he intended to achieve his stridently asserted inflation resolve” and failed to support pce as the target in the medium term. 614223
Steve Liesman @steveliesman.bsky.social · 29/07/2026What we could learn about the new Warsh communications regime from today’s market reaction to the fed decision www.cnbc.com/2026/07/29/f...cnbc.comWarsh's plan for a more opaque Fed will get put to the test by markets on edgeFederal Reserve Chairman Kevin Warsh's words at his second FOMC meeting will test markets as he plans to say less than his predecessors. 8423
Steve Liesman @steveliesman.bsky.social · 28/07/2026Asked by @carlquintanilla.bsky.social on @squawkstreet.bsky.social this morning how the Fed might rollback press conferences by the chair, I said, I don't know. In my 30 years of covering the Fed, I've only reported on increases in transparency. Not sure how they would announce a rollback. 1222338
Steve Liesman @steveliesman.bsky.social · 22/07/2026Speaking in Warsh Code. www.cnbc.com/2026/07/22/k...cnbc.comKevin Warsh has homed in on three key phrases. How Fed watchers interpret themIn five public appearances, Warsh has used the phrase "family fight" 13 times, returning to "first principles" 11 times and "inflation is a choice" for the Fed six times. 33811
Steve Liesman @steveliesman.bsky.social · 22/07/2026Markets don’t a have a problem pricing in default risk. They just charge more for it. This is why all the deals President Trump strikes (and his successors) will be more expensive than they otherwise would be. When the president walks away from his own trade deal with Canada or rips up Obama’s…1/4 710123
Steve Liesman @steveliesman.bsky.social · 17/07/2026Pres Trump’s plan to charge for early access to his pronouncements on his truth social company should be illegal. The information he releases is not his personal property. It belongs to the people. He has no right to sell and profit from it. 54888278
Steve Liesman @steveliesman.bsky.social · 17/07/2026Surprising national poll results from @cnbc.com Economic views worsen even after gas prices decline. www.cnbc.com/2026/07/17/e...cnbc.comEconomic outlook is worsening and Trump is getting blamed, CNBC survey findsThe public is as depressed about the economy as it has been since the years just after the pandemic, according to the All-America Economic Survey. 139123
Steve Liesman @steveliesman.bsky.social · 14/07/2026The question for tomorrow’s Warsh hearing is whether Senators let him get away with saying nothing about his outlook for monetary policy. Is it enough for him just to repeat his commitment to the mandate? Will somebody make him respond to the question, 69920
Steve Liesman @steveliesman.bsky.social · 01/07/2026I think all this talk from Warsh about not providing forward guidance is a bit of hooey. He said inflation is too high. He made a firm commitment to price stability. He said that inflation from AI or other sources is the fed’s choice. What more do you need to know ? 1/ 108612
Reposted by Steve LiesmanMatt Peterson @mattpeterson.bsky.social · 18/06/2026New: Fed governor Lisa Cook has spent more than $1 million defending herself in the wake of Trump's attempt to fire her, a filing shows. The Supreme Court could rule on her case as soon as today.cnbc.comTrump bid to fire Fed's Lisa Cook cost her more than $1M in legal, security costs: FilingA financial disclosure from Federal Reserve Governor Lisa Cook details large legal and security expenses 36833
Steve Liesman @steveliesman.bsky.social · 18/06/2026Was it a Warsh out in markets today? (I’ll take stupid puns for $100 Alex) 191605
Steve Liesman @steveliesman.bsky.social · 17/06/2026Check out the live blog of the Fed meeting @cnbc.com Live: Fed meeting live updates: All eyes on whether Warsh will dial back the Fed's transparency www.cnbc.com/2026/06/17/f...cnbc.comFed meeting live updates: All eyes on whether Warsh will dial back the Fed's transparencyThe Federal Reserve’s rate decision on Wednesday marks the first one with Kevin Warsh at the helm. 3308
Steve Liesman @steveliesman.bsky.social · 16/06/2026@mattpeterson.bsky.social offers this interesting thread that says the president is giving Warsh breathing room on rate cuts at this meeting. Seems like a tacit acknowledgment by Trump that he was wrong to pressure Powell for lower rates. If the current rate is good now, it was good before. 65813
Steve Liesman @steveliesman.bsky.social · 16/06/2026Kevin Warsh's Fed is not expected to make any change to rates for a while www.cnbc.com/2026/06/16/k...cnbc.comKevin Warsh's Fed is not expected to make any change to rates for a while, according to CNBC Fed SurveyThe survey respondents do expect the Fed at this week's meeting to remove the easing bias in the statement that has signaled the Fed's next move would likely be a cut. 3397
Steve Liesman @steveliesman.bsky.social · 12/06/2026Call Kevin Warsh “chairman.” www.cnbc.com/2026/06/12/f...cnbc.comCall Kevin Warsh the Fed 'chairman'Kevin Warsh's two immediate predecessors preferred to be called the Fed "chair." For Warsh, it's "chairman" of the Federal Reserve. 15455
Steve Liesman @steveliesman.bsky.social · 12/06/2026For Warsh as Fed chair, silence may be the point www.cnbc.com/2026/06/12/w...cnbc.comFor Warsh as Fed chair, silence may be the pointKevin Warsh will hold his first Fed meeting, giving markets the first public look at how he'll communicate as chair of the Federal Reserve. 33912
Steve Liesman @steveliesman.bsky.social · 11/06/2026People can hate on New York and New York fans all you want. But understand you will never have the satisfaction of us caring one f;cktwit about what you think. That goes especially for Boston. 271407
Steve Liesman @steveliesman.bsky.social · 09/06/2026Media keeps saying there’s no evidence of “widespread” voter fraud in the 2020 election. But I don’t believe they have found enough evidence of fraud to overturn the results of even one of the 176k voting precincts in the US. So there’s just really no evidence of fraud. 27569127
Steve Liesman @steveliesman.bsky.social · 28/05/2026The level of corruption is eclipsed only by its brazeness. They simply don’t care what it looks like. Great reporting by @propublica.org. www.propublica.org/article/dona...propublica.orgThe White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr.About three months before the Pentagon announced plans to lend money to Vulcan Elements, Trump Jr.’s venture capital firm took an undisclosed stake in the company. 1215850
Steve Liesman @steveliesman.bsky.social · 21/05/2026News reports keep saying that the $1.8b slush fund does not allow payments to the president or his family. They also say there will be no transparency around the payments. So, how would you bet on whether the president will find a way extract direct personal financial gain from the fund? 2315935
Steve Liesman @steveliesman.bsky.social · 20/05/2026Never paying taxes again was a reward given to heroes who saved the world…. In Hollywood. youtu.be/oRTxx_LWUWs?...youtu.beArmageddon-requestsYouTube video by Cptesquire 912721
Steve Liesman @steveliesman.bsky.social · 20/05/2026 NY Times on the audit immunity for Trump: The provision was the latest in a series of maneuvers this week that blurred the all-but-vanished boundary between official department business and the private interests of a president… 610826
Reposted by Steve LiesmanIvan the K ™ @ivanthek.bsky.social · 19/05/2026Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’ www.nytimes.com/2026/05/18/b...nytimes.comTop Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’ 26020
Steve Liesman @steveliesman.bsky.social · 16/05/2026In 2009, Obama urged the Chinese in China to respect human rights and promoted democracy. For Trump’s visit, those were part of the four red lines he was warned not to cross. And he didn’t. We used to sell democracy and planes Now we just try and sell planes. 1517241