# Rise and shine: Warsh’s Fed rate test

An episode of [The Intelligence from The Economist](https://invisiblenetwork.ai/podcast/1449631195), 17 Sep 2026, 22 min.

Audio: https://sphinx.acast.com/p/acast/s/theintelligencepodcast/e/6aabb60b964bc344092c48cd/media.mp3?tk=eyJ0ayI6ImRlZmF1bHQiLCJhZHMiOnRydWUsInNwb25zIjp0cnVlLCJzdGF0dXMiOiJwdWJsaWMifQ==&sig=hbFbwsQw82YgcQldZtV_7cMIj1QwTX2LU0AbHcqjdfc

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 Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist. Hosted on Acast. See acast.com/privacy for more information.

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