Steve Liesman
@steveliesman.bsky.social
CNBC senior economics reporter. Husband, father, journalist, guitarist and fly fisherman. (The Lies-man joke has been made. It’s not fresh. It’s my father’s father’s name, bastardized at Ellis Island. Move along.)
Regarding 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
Can’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.
What 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...
Warsh's plan for a more opaque Fed will get put to the test by markets on edge
Federal Reserve Chairman Kevin Warsh's words at his second FOMC meeting will test markets as he plans to say less than his predecessors.
cnbc.com
Asked 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.
Speaking in Warsh Code. www.cnbc.com/2026/07/22/k...
Kevin Warsh has homed in on three key phrases. How Fed watchers interpret them
In 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.
cnbc.com
Markets 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
Pres 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.
Surprising national poll results from @cnbc.com Economic views worsen even after gas prices decline. www.cnbc.com/2026/07/17/e...
Economic outlook is worsening and Trump is getting blamed, CNBC survey finds
The 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.
cnbc.com
The 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,
I 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/
New: 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.
Trump bid to fire Fed's Lisa Cook cost her more than $1M in legal, security costs: Filing
A financial disclosure from Federal Reserve Governor Lisa Cook details large legal and security expenses
cnbc.com
Was it a Warsh out in markets today? (I’ll take stupid puns for $100 Alex)
Check 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...
Fed meeting live updates: All eyes on whether Warsh will dial back the Fed's transparency
The Federal Reserve’s rate decision on Wednesday marks the first one with Kevin Warsh at the helm.
cnbc.com
@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.
Matt Peterson@mattpeterson.bsky.social · 2mo agoWarsh's first FOMC meeting will unfold this week. It's likely to produce the same result as Powell's last meeting—no rate change—but no explosion from the president. Trump thought Powell had a vendetta against him. "The president trusts Warsh, so he’ll have some scope of action," I was told.
Kevin Warsh's Fed is not expected to make any change to rates for a while www.cnbc.com/2026/06/16/k...
Kevin Warsh's Fed is not expected to make any change to rates for a while, according to CNBC Fed Survey
The 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.
cnbc.com
People 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.
Media 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.
The 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...
The 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.
propublica.org
News 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?
Never paying taxes again was a reward given to heroes who saved the world…. In Hollywood. youtu.be/oRTxx_LWUWs?...
Armageddon-requests
YouTube video by Cptesquire
youtu.be
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…
Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’ www.nytimes.com/2026/05/18/b...
Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’
nytimes.com
In 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.
For the G7 meeting of finance ministers and central bankers in Paris next week it won’t be Warsh or Powell. Fed Vice chair Jefferson will be going.
I get that the ex-post inflation numbers say Powell should have reversed course sooner… “after the pandemic.” But many forget when the pandemic ended. There were a frightening number of covid deaths, almost rivaling the initial peak, from Oct to mar 22, exactly when Powell was supposed to tighten
Stephen Miran exits the Fed. How he set the stage for Kevin Warsh. www.cnbc.com/2026/05/15/s...
Stephen Miran exits the Fed. How he set the stage for Kevin Warsh.
The outgoing Fed governor shares big ideas with the incoming chair.
cnbc.com
President Trump’s calling the reporting by the NY Times’ David Sanger “treasonous” is an unconscionable outrage. Sanger’s objective reporting and analysis and his years of experience make him a national treasure. The truth should always be seen as patriotic.
