Fed Hikes Interest Rates for First Time in 3 Years (Connecting the Dots: Kevin Warsh, Jane Lauder, Scott Bessent, Jerome H. Powell & The Carnegie/Soros Network)

Researcher’s Note: Soros broke the Bank of England. Was that a test run? Is the U.S. Department of the Treasury and the Federal Reserve System next? All the right people in all the right places.

Fed Hikes Interest Rates for First Time in 3 Years (Connecting the Dots: Kevin Warsh, Jane Lauder, Scott Bessent, Jerome H. Powell & The Carnegie/Soros Network)

Fed policymakers tighten policy in the face of elevated inflation and higher Treasury bond yields.

Andrew Moran

9/16/2026|Updated: 9/16/2026

Federal Reserve chairman Kevin Warsh speaks during a press conference in Washington on July 29, 2026. Madalina Kilroy/The Epoch Times

https://www.theepochtimes.com/business/fed-hikes-interest-rates-for-first-time-in-3-years-6088189?ea_src=frontpage&ea_med=section-1

The Federal Reserve followed through on its first interest rate hike in more than three years on Sept. 16.

Officials voted 12–0 to increase the benchmark federal funds rate—a key policy rate that influences borrowing costs for businesses and consumers—by a quarter point to a new target range of 3.75 percent to 4 percent.

This was the first rate hike since July 2023.

“Economic activity is expanding at a solid pace. While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient,” the Fed said in a post-meeting statement.

“Productivity growth is strong, and capital investment is robust. Job gains have kept pace with the workforce, and the unemployment rate has changed little.”

In his post-meeting press conference, Chairman Kevin Warsh stated that inflation is still too high.

Both major inflation measures—the Consumer Price Index and the Fed’s go-to Personal Consumption Expenditures (PCE) Price Index—show the annual headline rate is well above 3 percent. Core PCE, which omits the volatile energy and food categories, is also above the central bank’s 2 percent target.

Warsh said that neither he nor his colleagues are satisfied with the current pace of inflation.

“We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed,” Warsh told reporters.

“Today, the [Federal Open Market Committee] decided that this standard has not been satisfied. The committee’s unanimous vote shows our resolve to achieve price stability on a timelier basis.”

The U.S. policy rate is now the highest among G7 countries, according to LPL Financial data shared with The Epoch Times.

Summary of Economic Projections

In addition to the rate decision, the Fed released its Summary of Economic Projections, a quarterly outlook for policy and the economy.

Updated projections suggest a majority of policymakers anticipate another hike later this year, with the median policy rate at 4.1 percent. Officials do not expect another rate increase next year.

On the inflation front, the Fed’s go-to measure—the personal consumption expenditures (PCE) price index—was adjusted a bit higher for 2026, from 3.6 percent to 3.7 percent. Core PCE, which strips out the volatile energy and food prices, was also revised up to 3.4 percent, from 3.3 percent.

As for the economy, the Fed anticipates the median unemployment rate will be 4.1 percent over the next few years. Growth prospects were revised higher for 2026 and 2027 to 2.3 percent and 2.4 percent, respectively.

“Chairman Warsh and the rest of the committee are building a strong reputation through their laser focus on defeating inflation. Hawkish overtones are throughout the latest Summary of Economic Projections,” Jeffrey Roach, chief economist for LPL Financial, said in a note emailed to The Epoch Times.

“Given the current economic circumstances, the committee delivered what was needed, and markets are handling it remarkably well. Going forward, the inflation debate will likely center on the magnitude of improvement as geopolitical conflicts wane.”

For the second straight time, Warsh abstained from writing down his expectations. The central bank chief has repeatedly stated he wants to refrain from offering forward guidance.

The Fed will hold its next policy meeting on Oct. 27 and 28.

So far, the futures market is split on whether the Fed will follow through on a second consecutive rate hike in October, according to updated CME FedWatch data.

Market Reaction

U.S. financial markets were little changed following the rate decision as investors widely expected the policy move.

Yields on Treasury bonds were mixed.

The benchmark 10-year Treasury yield fell to below 4.96 percent. The 2-year yield, which generally tracks Fed policy expectations, was flat at 4.66 percent. The 30-year yield declined to 5.31 percent.

The U.S. Dollar Index (DXY)—a measure of the greenback against a weighted basket of currencies—surged 0.6 percent to above the 100 mark for the first time since mid-August.

“A unanimous decision to raise rates, and the suggestion of an additional hike later this year, will help remove some uncertainty for the market. That’s a positive,” Larry Holzenthaler, senior portfolio manager at Catalyst Funds, said in a note emailed to The Epoch Times.

“This is certainly a positive for the market. It’s fair to assume that if the Fed had not acted today, it would have caused meaningful strain across markets.”

Warsh said that the recent surge in bond yields is due to strengthening economic forecasts, growing capital competition, and the war in Iran.

This is a developing story. Please check back for further updates.

                      Kevin Warsh

 

https://en.wikipedia.org/wiki/Kevin_Warsh

Kevin Maxwell Warsh (born April 13, 1970) is an American financier and attorney who has served as the 17th chair of the Federal Reserve and a member of the Federal Reserve Board of Governors since 2026.

Warsh graduated from Stanford University with a bachelor's degree in public policy in 1992 and from Harvard Law School with a Juris Doctor in 1995. He worked for Morgan Stanley from 1995 to 2002, specializing in mergers and acquisitions. In 2002, President George W. Bush named Warsh as a special assistant to the president for economic policy and the executive secretary of the National Economic Council.

National Economic Council (2002–2006)

In April 2002,[16] President George W. Bush named Warsh as a special assistant to the president for economic policy[17] and the executive secretary of the National Economic Council.[18] In the former position, he managed domestic finance, capital markets, and banking issues.[17] Warsh was particularly involved in handling the Bush administration's response to various accounting scandals that emerged in Bush's term,[19] including negotiations over the Sarbanes–Oxley Act.[14] His work additionally involved public relations.[20] Warsh served as the White House liaison to the Federal Deposit Insurance Corporation, the Commodity Futures Trading Commission, and the Securities and Exchange Commission.[13] That month, Warsh married Jane Lauder, an heiress to the Estée Lauder Companies,[16] whom he had met at Stanford University.[8] Warsh was a possible candidate to serve as the chair of the Securities and Exchange Commission to succeed William H. Donaldson[21] and as the under secretary of the treasury for domestic finance to succeed Brian C. Roseboro.[22] He helped Ben Bernanke prepare for his confirmation hearing to serve on the Federal Reserve Board of Governors.

Connecting the Dots:

Jerome H. Powell (Jay) was the chair for the Federal Reserve System and a partner at the Carlyle Group.

George H.W. Bush was an adviser for the Carlyle Group and George W. Bush’s father.

David M. Rubenstein was a co-founder & co-CEO for the Carlyle Group, Joe Biden spent Thanksgiving with him, is the president of the Economic Club of Washington, and the co-chairman for the Brookings Institution (think tank).

Vernon E. Jordan Jr. was president of the Economic Club of Washington and is an honorary trustee at the Brookings Institution (think tank).

Bill & Melinda Gates Foundation was a funder for the Brookings Institution (think tank) and the International Rescue Committee.

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank) and the International Rescue Committee. 

George Soros was the chairman for the Foundation to Promote Open Society and is the founder of the Soros Fund Management (SFM).

Scott Bessent was formerly a partner at Soros Fund Management (SFM) and is the serving since 2025 as the 79th U.S. Department of the Treasury.

Timothy F. Geithner is a director at the International Rescue Committee, was an overseer at the International Rescue Committee, a researcher for Kissinger Associates, Inc. and a secretary for the U.S. Department of the Treasury.

Henry A. Kissinger was an overseer at the International Rescue Committee, the founder of Kissinger Associates, Inc., a lifetime trustee at the Aspen Institute (think tank) and a trustee emeritus for the Metropolitan Museum of Art.

Madeleine K. Albright was an overseer at the International Rescue Committee and a trustee at the Aspen Institute (think tank).

Sally Susman is a director at the International Rescue Committee and was the EVP for the Estee Lauder Companies Inc.

Foundation to Promote Open Society was a funder for the International Rescue Committee and the Aspen Institute (think tank). 

George Soros was the chairman for the Foundation to Promote Open Society and is Daisy M. Soros’s brother-in-law.

Daisy M. Soros is George Soros’s sister-in-law and a leader’s council member for the Breast Cancer Research Foundation. 

Bill & Melinda Gates Foundation was a funder for the International Rescue Committee and the Aspen Institute (think tank).

Carnegie Corporation of New York was a funder for the Aspen Institute (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Irvine O. Hockaday Jr. was a lifetime trustee at the Aspen Institute (think tank) and is a director at the Estee Lauder Companies Inc.

David H. Koch is a trustee at the Aspen Institute (think tank) and a 740 Park Avenue, New York resident.

Ronald S. Lauder is a 740 Park Avenue, New York resident, Leonard A. Lauder’s brother, Jane Lauder Warsh’s father, Kevin Warsh’s son-in-law and was a director at the Estee Lauder Companies Inc.

Leonard A. Lauder was a trustee at the Aspen Institute (think tank), a benefactor for the Metropolitan Museum of Art, a co-chairman for the Breast Cancer Research Foundation, a chairman emeritus for the Estee Lauder Companies Inc. Ronald Lauder’s brother and Jane Lauder Warsh’s uncle.

Deborah Krulewitch is the secretary for the Breast Cancer Research Foundation and the SVP for the Estee Lauder Companies Inc.

Evelyn H. Lauder was the founder & chair for the Breast Cancer Research Foundation and a senior corporate vice president for the Estee Lauder Companies Inc.

Daisy M. Soros is a leader’s council member for the Breast Cancer Research Foundation and George Soros’s sister-in-law. 

Jane Lauder Warsh is Ronald S. Lauder’s daughter, Leonard A. Lauder’s niece, married to Kevin Walsh and graduated from Stanford University.

Kevin Warsh is married to Jane Lauder Warsh, Ronald S. Lauder’s son-in-law, the chair for the chair for the Federal Reserve System, received his BA from Stanford University and his JD from Harvard University.

Victoria P. Sant was a trustee at Stanford University and is an honorary trustee at the Brookings Institution (think tank).

Robert M. Bass was a trustee at Stanford University and a trustee at the Brookings Institution (think tank).

Pete Higgins was a trustee at Stanford University and is a trustee at the Brookings Institution (think tank).

Steven A. Denning is a trustee at Stanford University and an honorary trustee at the Brookings Institution (think tank).

Mark B. McClellan was an associate professor at Stanford University and a senior fellow at the Brookings Institution (think tank).

Vernon E. Jordan Jr. is an honorary trustee at the Brookings Institution (think tank) and was the president of the Economic Club of Washington.

David M. Rubenstein  is the president of the Economic Club of Washington, the co-chairman for the Brookings Institution (think tank), Joe Biden spent Thanksgiving with him and was a co-founder & co-CEO for the Carlyle Group.

George H.W. Bush was an adviser for the Carlyle Group and George W. Bush’s father.

Jerome H. Powell (Jay) was a partner at the Carlyle Group and the chair for the Federal Reserve System.

Edward J. Mathias is a managing director at the Carlyle Group and a director at the Economic Club of Washington.

Vernon E. Jordan Jr. was the president of the Economic Club of Washington and is an honorary trustee at the Brookings Institution (think tank).

Ben S. Bernanke is a distinguished fellow at the Brookings Institution (think tank) and was chairman for the Federal Reserve Board.

Donald L. Kohn is a senior fellow at the Brookings Institution (think tank), was the vice chairman for the Federal Reserve Board and a member of the Federal Open Market Committee (FOMC).

Alice M. Rivlin is a senior fellow at the Brookings Institution (think tank) and was the vice chair for the Federal Reserve Board.

Richard C. Blum is an honorary trustee at the Brookings Institution (think tank), married to Senator Dianne Feinstein and an Economic Advisory Council member for the Federal Reserve Bank of San Francisco.

Louis W. Cabot is an honorary trustee at the Brookings Institution (think tank) and was a director at the Federal Reserve Bank of Boston.

Susan M. Collins is a nonresident senior fellow at the Brookings Institution (think tank) and a director, Detroit branch for the Federal Reserve Bank of Chicago.

Glenn H. Hutchins is a trustee at the Brookings Institution (think tank) and a director at the Federal Reserve Bank of New York.

John C. Whitehead is an honorary trustee at the Brookings Institution (think tank) and was the chairman for the Federal Reserve Bank of New York.

Lael Brainard was a VP & director for the Brookings Institution (think tank) and is a member of the Federal Reserve Board.

Karen Dynan was a VP for the Brookings Institution (think tank) and a senior adviser for the Federal Reserve Board.

Douglas W. Elmendorf was a senior fellow at the Brookings Institution (think tank) and an assistant director, Research and Statistics for the Federal Reserve Board.

Donald L. Kohn is a senior fellow at the Brookings Institution (think tank) and was a vice chairman for the Federal Reserve Board.

Bill & Melinda Gates Foundation was a funder for the International Rescue Committee and the Brookings Institution (think tank).

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is a member of the Bretton Woods Committee.

Alan S. Blinder is a member of the Bretton Woods Committee and was a vice chairman for the Federal Reserve Board.

Donald L. Kohn is a member of the Bretton Woods Committee and was a vice chairman for the Federal Reserve Board.

Edwin M. Truman is a member of the Bretton Woods Committee and was a director of the international finance division for the Federal Reserve Board.

Paul A. Volcker is a member of the Bretton Woods Committee and was the chairman for the Federal Reserve Board.

Stanley Fischer is a member of the Bretton Woods Committee and the vice chairman for the Federal Reserve Board.

Randal K. Quarles is a member of the Bretton Woods Committee and a vice chairman for supervision nominee for the Federal Reserve Board.

George Soros is a member of the Bretton Woods Committee, the founder & chairman for the Open Society Foundations, the founder of the Soros Fund Management (SFM) and was the chairman for the Foundation to Promote Open Society.

Open Society Foundations was a funder for the Atlantic Council of the United States (think tank).

Foundation to Promote Open Society was a funder for the International Rescue Committee and the Aspen Institute (think tank).

Scott Bessent was formerly a partner at Soros Fund Management (SFM) and is the serving since 2025 as the 79th U.S. Department of the Treasury.

Carnegie Corporation of New York was a funder for the Atlantic Council of the United States (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Timothy D. Adams is a director at the Atlantic Council of the United States (think tank) and was an undersecretary for the U.S. Department of the Treasury.

David D. Aufhauser is a director at the Atlantic Council of the United States (think tank) and was a general counsel for the U.S. Department of the Treasury.

Henry A. Kissinger was a director at the Atlantic Council of the United States (think tank), an overseer at the International Rescue Committee, the founder of Kissinger Associates, Inc., a lifetime trustee at the Aspen Institute (think tank) and a trustee emeritus for the Metropolitan Museum of Art.

Timothy F. Geithner is a director at the International Rescue Committee, was an overseer at the International Rescue Committee, a researcher for Kissinger Associates, Inc. and a secretary for the U.S. Department of the Treasury.

Leonard A. Lauder was a trustee at the Aspen Institute (think tank), a benefactor for the Metropolitan Museum of Art, a co-chairman for the Breast Cancer Research Foundation, a chairman emeritus for the Estee Lauder Companies Inc. Ronald Lauder’s brother and Jane Lauder Warsh’s uncle.

David H. Koch is a trustee at the Aspen Institute (think tank) and a 740 Park Avenue, New York resident.

Ronald S. Lauder is a 740 Park Avenue, New York resident, Leonard A. Lauder’s brother, Jane Lauder Warsh’s father, Kevin Warsh’s son-in-law and was a director at the Estee Lauder Companies Inc.

Jane Lauder Warsh is Ronald S. Lauder’s daughter, Leonard A. Lauder’s niece, married to Kevin Walsh and graduated from Stanford University.

Kevin Warsh is married to Jane Lauder Warsh, Ronald S. Lauder’s son-in-law, the chair for the chair for the Federal Reserve System, received his BA from Stanford University and his JD from Harvard Law School.

Jack Smith received his J.D. from Harvard Law School and was appointed by Merrick Garland as special counsel at the United States Department of Justice in charge of investigations into efforts to overturn the 2020 presidential election and former President Donald Trump's potential mishandling of classified documents.

Harvard Law Review is a law review published by an independent student group at Harvard Law School.

Merrick Garland appointed Jack Smith, was the Attorney General at the U.S. Department of Justice (DOJ) for the Joe Biden Administration and an editor for the Harvard Law Review.

Barack Obama was the president of the Harvard Law Review and the president for the Barack Obama Administration.

Danielle C. Gray was an editor for the Harvard Law Review and an assistant to the president for the Barack Obama Administration.

Ronald A. Klain was an editor for the Harvard Law Review and a coordinator of government Ebola efforts for the Barack Obama Administration.

Blake Roberts was an editor for the Harvard Law Review and is the deputy associate counsel for the Barack Obama Administration.

Michael B.G. Froman was an editor for the Harvard Law Review, an assistant to the president for the Barack Obama Administration and is Barack Obama’s law school friend.

Crystal Nix Hines was Barack Obama’s law school friend and a supervising editor for the Harvard Law Review.

Nancy L. McCullough is Barack Obama’s law school friend and was an editor for the Harvard Law Review.

Jonathan T. Molot is Barack Obama’s law school friend and was an editor for the Harvard Law Review.

Thomas J. Perrelli is Barack Obama’s law school friend and was a managing editor for the Harvard Law Review.

Michael J. Gottleib was an editor for the Harvard Law Review and is an associate counsel for the Barack Obama Administration.

Harold H. Koh was a developments editor for the Harvard Law Review, a State Department legal adviser for the Barack Obama Administration and a trustee at the Brookings Institution (think tank).

Bill & Melinda Gates Foundation was a funder for the Brookings Institution (think tank).

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is the founder of the Soros Fund Management (SFM).

Scott Bessent was formerly a partner at Soros Fund Management (SFM) and is the serving since 2025 as the 79th U.S. Department of the Treasury.

Soros Fund Management was a buyer of assets, post-bankruptcy for MF Global Holdings Ltd.

Martin J. Glynn was a director at the MF Global Holdings Ltd and the CEO for HSBC Bank USA NA.

Jonathan Evans is a director at HSBC Holdings plc and was a director general for the United Kingdom Security Service.

Rachel Lomax is a director at HSBC Holdings plc and was the deputy governor for the Bank of England.

Janice R. Lomax was a director at HSBC Holdings plc and the deputy governor for the Bank of England.

John R.H. Bond was the chairman for HSBC Holdings plc and a director at the Bank of England.

Bank of England is the central bank for the United Kingdom (U.K.).

Rona A. Fairhead is a director at the HSBC Holdings plc and the chair for the BBC Trust.

Roger Carr is the vice chairman for the BBC Trust and a director at the Bank of England.

How Did George Soros Break the Bank of England?

By Andrew Beattie Updated June 19, 2024

https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp

Christopher Patten was the chairman for the BBC Trust and a co-chair for the International Crisis Group.

George Soros is a board member for the International Crisis Group and was the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

James A. Baker III was a fellow at the Brookings Institution (think tank) and the general counsel for the Federal Bureau of Investigation (FBI).

James B. Comey was a director at the Federal Bureau of Investigation (FBI) and a director at the HSBC Holdings plc.

William H. Webster was a director at the Federal Bureau of Investigation (FBI) and is a director at the Atlantic Council of the United States (think tank).

Open Society Foundations was a funder for the Atlantic Council of the United States (think tank).

George Soros is the founder & chairman for the Open Society Foundations, the founder of Soros Fund Management and was the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the International Rescue Committee and the Aspen Institute (think tank).

Soros Fund Management was a buyer of assets, post-bankruptcy for MF Global Holdings Ltd.

Scott Bessent was formerly a partner at Soros Fund Management (SFM) and is the serving since 2025 as the 79th U.S. Department of the Treasury.

Timothy F. Geithner was an overseer at the International Rescue Committee, a researcher for Kissinger Associates, Inc., a secretary for the U.S. Department of the Treasury and is a director at the International Rescue Committee.

Bill & Melinda Gates Foundation was a funder for the International Rescue Committee and the Aspen Institute (think tank).

Henry A. Kissinger was a director at the Atlantic Council of the United States (think tank), an overseer at the International Rescue Committee, the founder of Kissinger Associates, Inc., a lifetime trustee at the Aspen Institute (think tank), a trustee emeritus for the Metropolitan Museum of Art and a member of the Bohemian Club.

Belizean_Grove is the equivalent to the male-only social group, the Bohemian Club.

Henrietta Holsman Fore is a trustee at the Aspen Institute (think tank) and a member of the Belizean Grove.

Deborah L. Wince-Smith is a member of the Belizean Grove and was a member of the IRS Oversight Board.

IRS Oversight Board is a citizen’s board for the Internal Revenue Service (IRS).

John A. Koskinen is the commissioner for the Internal Revenue Service (IRS) and a director at the AES Corporation.

Moises Naim is a director at the AES Corporation, and a senior associate, International Economics Program for the Carnegie Endowment for International Peace (think tank) and was a board member for the International Crisis Group.

Open Society Foundations was a funder for the Carnegie Endowment for International Peace (think tank).

George Soros is the founder & chairman for the Open Society Foundations, a board member for the International Crisis Group and the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank) and the Brookings Institution (think tank).

Andrew Carnegie was the founder of the Carnegie Endowment for International Peace (think tank), the founder of the Carnegie Corporation of New York and the founder of the Carnegie Foundation for the Advancement of Teaching.

Carnegie Corporation of New York was a funder for the Carnegie Endowment for International Peace (think tank) the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Bill & Melinda Gates Foundation was a funder for the Carnegie Foundation for the Advancement of Teaching and the Brookings Institution (think tank).

Vernon E. Jordan Jr. is an honorary trustee at the Brookings Institution (think tank) and was the president of the Economic Club of Washington.

David M. Rubenstein  is the president of the Economic Club of Washington, the co-chairman for the Brookings Institution (think tank), Joe Biden spent Thanksgiving with him and was a co-founder & co-CEO for the Carlyle Group.

George H.W. Bush was an adviser for the Carlyle Group and George W. Bush’s father.

Jerome H. Powell (Jay) was a partner at the Carlyle Group and the chair for the Federal Reserve System.

Edward J. Mathias is a managing director at the Carlyle Group and a director at the Economic Club of Washington.

Vernon E. Jordan Jr. was the president of the Economic Club of Washington and is an honorary trustee at the Brookings Institution (think tank).

Ben S. Bernanke is a distinguished fellow at the Brookings Institution (think tank) and was chairman for the Federal Reserve Board.

Donald L. Kohn is a senior fellow at the Brookings Institution (think tank), was the vice chairman for the Federal Reserve Board and a member of the Federal Open Market Committee (FOMC).

Alice M. Rivlin is a senior fellow at the Brookings Institution (think tank) and was the vice chair for the Federal Reserve Board.

Richard C. Blum is an honorary trustee at the Brookings Institution (think tank), married to Senator Dianne Feinstein and an Economic Advisory Council member for the Federal Reserve Bank of San Francisco.

Louis W. Cabot is an honorary trustee at the Brookings Institution (think tank) and was a director at the Federal Reserve Bank of Boston.

Susan M. Collins is a nonresident senior fellow at the Brookings Institution (think tank) and a director, Detroit branch for the Federal Reserve Bank of Chicago.

Glenn H. Hutchins is a trustee at the Brookings Institution (think tank) and a director at the Federal Reserve Bank of New York.

John C. Whitehead is an honorary trustee at the Brookings Institution (think tank) and was the chairman for the Federal Reserve Bank of New York.

Lael Brainard was a VP & director for the Brookings Institution (think tank) and is a member of the Federal Reserve Board.

Karen Dynan was a VP for the Brookings Institution (think tank) and a senior adviser for the Federal Reserve Board.

Douglas W. Elmendorf was a senior fellow at the Brookings Institution (think tank) and an assistant director, Research and Statistics for the Federal Reserve Board.

Donald L. Kohn is a senior fellow at the Brookings Institution (think tank) and was a vice chairman for the Federal Reserve Board.

Bill & Melinda Gates Foundation was a funder for the International Rescue Committee and the Brookings Institution (think tank).

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is a member of the Bretton Woods Committee.

Alan S. Blinder is a member of the Bretton Woods Committee and was a vice chairman for the Federal Reserve Board.

Donald L. Kohn is a member of the Bretton Woods Committee and was a vice chairman for the Federal Reserve Board.

Edwin M. Truman is a member of the Bretton Woods Committee and was a director of the international finance division for the Federal Reserve Board.

Paul A. Volcker is a member of the Bretton Woods Committee and was the chairman for the Federal Reserve Board.

Stanley Fischer is a member of the Bretton Woods Committee and the vice chairman for the Federal Reserve Board.

Randal K. Quarles is a member of the Bretton Woods Committee and a vice chairman for supervision nominee for the Federal Reserve Board.

George Soros is a member of the Bretton Woods Committee, the founder & chairman for the Open Society Foundations, the founder of the Soros Fund Management (SFM) and was the chairman for the Foundation to Promote Open Society.

Open Society Foundations was a funder for the Atlantic Council of the United States (think tank).

Foundation to Promote Open Society was a funder for the International Rescue Committee and the Aspen Institute (think tank).

Scott Bessent was formerly a partner at Soros Fund Management (SFM) and is the serving since 2025 as the 79th U.S. Department of the Treasury.

Carnegie Corporation of New York was a funder for the Atlantic Council of the United States (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Timothy D. Adams is a director at the Atlantic Council of the United States (think tank) and was an undersecretary for the U.S. Department of the Treasury.

David D. Aufhauser is a director at the Atlantic Council of the United States (think tank) and was a general counsel for the U.S. Department of the Treasury.

Henry A. Kissinger was a director at the Atlantic Council of the United States (think tank), an overseer at the International Rescue Committee, the founder of Kissinger Associates, Inc., a lifetime trustee at the Aspen Institute (think tank) and a trustee emeritus for the Metropolitan Museum of Art.

Timothy F. Geithner is a director at the International Rescue Committee, was an overseer at the International Rescue Committee, a researcher for Kissinger Associates, Inc. and a secretary for the U.S. Department of the Treasury.

Leonard A. Lauder was a trustee at the Aspen Institute (think tank), a benefactor for the Metropolitan Museum of Art, a co-chairman for the Breast Cancer Research Foundation, a chairman emeritus for the Estee Lauder Companies Inc. Ronald Lauder’s brother and Jane Lauder Warsh’s uncle.

David H. Koch is a trustee at the Aspen Institute (think tank) and a 740 Park Avenue, New York resident.

Ronald S. Lauder is a 740 Park Avenue, New York resident, Leonard A. Lauder’s brother, Jane Lauder Warsh’s father, Kevin Warsh’s son-in-law and was a director at the Estee Lauder Companies Inc.

Jane Lauder Warsh is Ronald S. Lauder’s daughter, Leonard A. Lauder’s niece, married to Kevin Walsh and graduated from Stanford University.

Kevin Warsh is married to Jane Lauder Warsh, Ronald S. Lauder’s son-in-law, the chair for the chair for the Federal Reserve System, received his BA from Stanford University and his JD from Harvard Law School.

Jack Smith received his J.D. from Harvard Law School and was appointed by Merrick Garland as special counsel at the United States Department of Justice in charge of investigations into efforts to overturn the 2020 presidential election and former President Donald Trump's potential mishandling of classified documents.

Harvard Law Review is a law review published by an independent student group at Harvard Law School.

Resources: Past Research

Fed Chair Powell Says ‘Long Way to Go’ in Inflation Fight, Calls US Debt ‘Unsustainable’ (Connecting the Dots: The Federal Reserve, The Economic Club of Washington, The Carlyle Group, David Rubenstein, The UK & Soros Funding, All Networking) (Past Research on the Carlyle Group)

Tuesday, February 7, 2023

https://thesteadydrip.blogspot.com/2023/02/fed-chair-powell-says-long-way-to-go-in.html

Treasury Will Be Forced to Refund ‘Half the Tariffs’ if Supreme Court Rules Against Trump, Bessent Says (Connecting the Dots: The Treasury Department, NBC News, Meet the Press, CBS News, Face the Nation, Soros Fund Management (SFM), Scott Bessent & Soros Funding, All Networking) (Past Research on Scott Bessent)

Sunday, September 7, 2025

https://thesteadydrip.blogspot.com/2025/09/treasury-will-be-forced-to-refund-half.html

Smaller Bites – Connecting the Dots: Henry Kissinger & Soros Funding (Past Research on Henry Kissinger)

Wednesday, November 29, 2023

https://thesteadydrip.blogspot.com/2023/11/smaller-bites-connecting-dots-henry.html

Madeleine Albright, 1st Female US Secretary of State, Dies at 84 (Connecting Her Dots In The Soros Network) (Past Research on Madeleine Albright)

Thursday, March 24, 2022

https://thesteadydrip.blogspot.com/2022/03/madeleine-albright-1st-female-us.html

Report: EPA Poised to Repeal Power Plant Carbon Standards (Connecting the Dots: The Environmental Protection Agency (EPA), Michael Bloomberg & The Carnegie/Soros Network) (Past Research on the Bill & Melinda Gates Foundation & the Carnegie Corporation of New York)

Tuesday, September 15, 2026

https://thesteadydrip.blogspot.com/2026/09/report-epa-poised-to-repeal-power-plant.html

Who Really Controls Our Universities? (Connecting the Dots: Soros Funded Think Tanks) (Past Research on Stanford University)

Wednesday, August 24, 2022

https://thesteadydrip.blogspot.com/2022/08/who-really-controls-our-universities.html

Kevin Warsh Sworn In as Fed Chair (Connecting the Dots: Kevin Warsh, Jerome Powell, Federal Reserve, Booz Allen Hamilton, The Carlyle Group, George H.W. Bush, Cravath, Swaine & Moore, Barack Obama, Salon, George W. Bush & The Carnegie/Soros Network) (Past Research on the Carlyle Group & Kevin Warsh)

Saturday, May 30, 2026

https://thesteadydrip.blogspot.com/2026/05/kevin-warsh-sworn-in-as-fed-chair.html

Powell Would Not Resign as Fed Chief If Asked by Trump (Connecting the Dot: Jerome Powell, Federal Reserve, the Carlyle Group, the Bretton Woods Committee, Janet Yellen, the U.S. Department of the Treasury & Soros Funding, All Networking) (Past Research on the Federal Reserve)

Thursday, November 7, 2024

https://thesteadydrip.blogspot.com/2024/11/powell-would-not-resign-as-fed-chief-if.html

'You're Under Oath, Counsel': John Kennedy Shows Absolutely No Mercy To Verizon Executive (Connecting the Dots: Verizon, Jack Smith, The Harvard Law Review & The Carnegie/Soros Network) (Past Research on the Harvard Law School)

Sunday, April 19, 2026

https://thesteadydrip.blogspot.com/2026/04/youre-under-oath-counsel-john-kennedy.html

Eye-popping twist in hunt for 'missing' IRS emails (Past Research on the IRS)

Sunday, September 7, 2014

https://thesteadydrip.blogspot.com/2014/09/eye-popping-twist-in-hunt-for-missing.html

The Flexner Report: How Rockefeller Hijacked Medicine To Create A System You Can't Escape (Connecting the Dots: Andrew Carnegie, The Bill & Melinda Gates Foundation, The Carnegie Foundation for the Advancement of Teaching, The Rockefeller Foundation & The Carnegie/Soros Network. Updated on 08/20/26) (Past Research on the Carnegie Foundation for the Advancement of Teaching & the Flexner Report)

Thursday, August 20, 2026

https://thesteadydrip.blogspot.com/2026/08/the-flexner-report-how-rockefeller.html 

Report: EPA Poised to Repeal Power Plant Carbon Standards (Connecting the Dots: The Environmental Protection Agency (EPA), Michael Bloomberg & The Carnegie/Soros Network)

Report: EPA Poised to Repeal Power Plant Carbon Standards (Connecting the Dots: The Environmental Protection Agency (EPA), Michael Bloomberg & The Carnegie/Soros Network)

Newsmax.com

Sunday, 13 September 2026 07:51 PM EDT

https://www.newsmax.com/politics/epa-carbon-standards-coal/2026/09/13/id/1269315/

The Environmental Protection Agency is poised to formally repeal carbon pollution ​standards for coal- and gas-fired ⁠power plants, ​Bloomberg News reported Sunday, ⁠citing people familiar with the matter.

The ​latest climate rollback is expected to come as soon as Monday on ⁠the sidelines ⁠of the G20 ⁠energy ⁠ministers' meeting in Houston, Texas, according to Bloomberg.

Earlier this year, the EPA rescinded the 2009 endangerment finding, which had determined that greenhouse gases threaten public health and welfare, along with federal greenhouse gas standards for vehicles.

The Trump administration first proposed rolling back Biden-era power plant climate rules last summer.

The EPA is now moving to scrap requirements that existing and future fossil fuel-fired power plants use emissions-reduction technologies, including carbon capture and storage, to curb greenhouse gas emissions.

The agency also plans to propose a separate rule reversing its determination that greenhouse gas emissions from power plants pose a threat under the Clean Air Act.

Connecting the Dots:

Bloomberg News is owned by Bloomberg LP.

Bloomberg Politics is a division of Bloomberg LP.

Michael R. Bloomberg is the founder of Bloomberg LP and an advocate for the ONE Campaign.

Mark Halperin was the founding editor for Bloomberg Politics, In 2010, Halperin joined MSNBC, becoming the senior political analyst and a contributor and is Morton H. Halperin’s son. 

Harold E. Ford Jr. was a political commentator at MSNBC and an overseer at the International Rescue Committee.

Foundation to Promote Open Society was a funder for the International Rescue Committee.

George Soros was the chairman for the Foundation to Promote Open Society and is a member of the Breakthrough Energy Coalition.

William H. Gates III is a member of the Breakthrough Energy Coalition and a co-chair for the Bill & Melinda Gates Foundation.

Bill & Melinda Gates Foundation was a funder for the International Rescue Committee.

International Rescue Committee is a partner with the ONE Campaign.

Michael R. Bloomberg is an advocate for the ONE Campaign and the founder of Bloomberg LP.

Michelle Obama was an advocate for the ONE Campaign.

Susan A. Buffett is a director at the ONE Campaign and Warren E. Buffett’s daughter.

Howard G. Buffett is a director at the ONE Campaign and Warren E. Buffett’s son.

Warren E. Buffett is Susan A. Buffett & Howard G. Buffett’s & father and an adviser at the Nuclear Threat Initiative (think tank).

Carnegie Corporation of New York was a funder the Nuclear Threat Initiative (think tank), the Carnegie Endowment for International Peace (think tank), the Center for American Progress, the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York and the founder of the Carnegie Endowment for International Peace (think tank).

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).

Open Society Foundations was a funder for the Carnegie Endowment for International Peace (think tank) and the Center for American Progress. 

George Soros is the founder & chairman for the Open Society Foundations, was the chairman for the Foundation to Promote Open Society and a supporter for the Center for American Progress.

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank), the Center for American Progress, the International Rescue Committee and the Brookings Institution (think tank). 

Morton H. Halperin served with the Carnegie Endowment for International Peace (think tank), was a senior fellow at the Center for American Progress, a director at the Debt AIDS Trade Africa, a senior fellow at the Brookings Institution (think tank), is Mark Halperin’s father, a senior adviser for the Soros Open Society Foundations, a director at the ONE Campaign

Debt AIDS Trade Africa is a merged organization with the ONE Campaign.

International Rescue Committee is a partner with the ONE Campaign.

Lawrence H. Summers is a director at the ONE Campaign and was a trustee at the Brookings Institution (think tank).

Sheryl K. Sandberg is a director at the ONE Campaign and was a trustee at the Brookings Institution (think tank).

Ngozi Okonjo-Iweala is a director at the ONE Campaign and was a visiting fellow at the Brookings Institution (think tank).

Helene D. Gayle is a director at the ONE Campaign and a trustee at the Brookings Institution (think tank).

Morton H. Halperin is a director at the ONE Campaign, a senior adviser for the Soros Open Society Foundations, Mark Halperin’s father, was a senior fellow at the Brookings Institution (think tank), a director at the Debt AIDS Trade Africa, served with the Carnegie Endowment for International Peace (think tank) and a senior fellow at the Center for American Progress.

Bill & Melinda Gates Foundation was a funder for the Center for American Progress.

William H. Gates III is a co-chair for the Bill & Melinda Gates Foundation and a member of the Breakthrough Energy Coalition.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank), the Carnegie Endowment for International Peace (think tank) and the Center for American Progress.

George Soros was the chairman for the Foundation to Promote Open Society, a supporter for the Center for American Progress, is a member of the Breakthrough Energy Coalition and the founder & chairman for the Open Society Foundations.

Open Society Foundations was a funder for the Carnegie Endowment for International Peace (think tank) and the Center for American Progress. 

Andrew Carnegie was the founder of the Carnegie Endowment for International Peace (think tank) and the founder of the Carnegie Corporation of New York.

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank), the Carnegie Endowment for International Peace (think tank), the Center for American Progress and a supporter for the American Society for Muslim Advancement.

Melody C. Barnes was the EVP for the Center for American Progress, the domestic policy council, director for the Barack Obama administration and is Barack Obama’s golf partner.

Carol M. Browner is a senior fellow, director at the Center for American Progress, was a director at the Climate Reality Project, the energy czar for the Barack Obama administration, and an administrator for the U.S. Environmental Protection Agency (EPA).

Open Society Foundations was a funder for the Center for American Progress. 

George Soros is the founder & chairman for the Open Society Foundations, was a supporter for the Center for American Progress and the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Center for American Progress, the ClimateWorks Foundation, the Climate Reality Project and the Urban Institute (think tank).

Lee M. Thomas was a director at the Climate Reality Project and an administrator for the U.S. Environmental Protection Agency (EPA).

Orin S. Kramer is a director at the Climate Reality Project and was an administrator for the U.S. Environmental Protection Agency (EPA).

William K. Reilly is the chair for the ClimateWorks Foundation and was an administrator for the U.S. Environmental Protection Agency (EPA).

William D. Ruckelshaus is a life trustee at the Urban Institute (think tank) and was an administrator for the U.S. Environmental Protection Agency (EPA).

Alex A. Beehler was a special assistant for the U.S. Environmental Protection Agency (EPA), and the environmental and regulatory affairs director for Koch Industries.

David H. Koch is the EVP for Koch Industries and a trustee at the Aspen Institute (think tank).

Bill & Melinda Gates Foundation was a funder for the Aspen Institute (think tank).

William H. Gates III is a co-chair for the Bill & Melinda Gates Foundation and a member of the Breakthrough Energy Coalition.

Foundation to Promote Open Society was a funder for the Aspen Institute (think tank).

George Soros was chairman for the Foundation to Promote Open Society, is a member of the Breakthrough Energy Coalition and the founder & chairman for the Open Society Foundations.

Open Society Foundations was a funder for the Atlantic Council of the United States (think tank).

Carnegie Corporation of New York was a funder for the Aspen Institute (think tank), the Atlantic Council of the United States (think tank) and a supporter for the American Society for Muslim Advancement.

William A. Nitze is a trustee at the Aspen Institute (think tank), was a director at the Atlantic Council of the United States (think tank) and an assistant administrator for the U.S. Environmental Protection Agency (EPA).

Bloomberg Family Foundation was a funder for the Aspen Institute (think tank).

Michael R. Bloomberg is the founder of the Bloomberg Family Foundation, an advocate for the ONE Campaign, the founder of Bloomberg LP, the co-chair for Mayors Against Illegal Guns and the founder of Everytown for Gun Safety.

Bloomberg News is owned by Bloomberg LP.

Bloomberg Politics is a division of Bloomberg LP.

Senator Cory A. Booker is a director at the Bloomberg Family Foundation, a U.S. Senate Senator and a member of Mayors Against Illegal Guns.

Mayors Against Illegal Guns is a “Gun Safety, Gun Control” group for guns.

Everytown for Gun Safety is a “gun control group” for guns.

Warren E. Buffett is an advisory board member for Everytown for Gun Safety, an adviser for the Nuclear Threat Initiative (think tank), a trustee & major donor for the Bill & Melinda Gates Foundation and Susan A. Buffett & Howard G. Buffett’s & father.

Bill & Melinda Gates Foundation was a funder for the International Rescue Committee.

William H. Gates III is a co-chair for the Bill & Melinda Gates Foundation and a member of the Breakthrough Energy Coalition.

George Soros is a member of the Breakthrough Energy Coalition and was the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the International Rescue Committee.

International Rescue Committee is a partner with the ONE Campaign.

Susan A. Buffett is a director at the ONE Campaign and Warren E. Buffett’s daughter.

Howard G. Buffett is a director at the ONE Campaign and Warren E. Buffett’s son.

Michelle Obama was an advocate for the ONE Campaign. 

Michael R. Bloomberg is an advocate for the ONE Campaign and the founder of Bloomberg LP.

Bloomberg News is owned by Bloomberg LP.

Bloomberg Politics is a division of Bloomberg LP.

Senator Cory A. Booker is a director at the Bloomberg Family Foundation, a U.S. Senate Senator and a member of Mayors Against Illegal Guns.

Mayors Against Illegal Guns is a “Gun Safety, Gun Control” group for guns.

Resources: Past Research

Dr. Morton Halperin – J Street Education Fund (Connecting the Dots: J Street, Morton Halperin, The Open Society Foundations, Newsmax’s Mark Halperin, Rhonda (Randi) Weingarten, The ONE Campaign, MSNBC, ACLU, The Carnegie & Soros Funding) (Past Research on Mark Halperin & Morton Halperin)

Tuesday, June 17, 2025

https://thesteadydrip.blogspot.com/2025/06/dr-morton-halperin-j-street-education.html

Goldman Sachs Says Oil Could Hit $120 If US–Iran Shipping Attacks Intensify (Connecting the Dots: Michael Bloomberg, The Goldman Sachs Group Inc. (Bailout Company), The Breakthrough Energy Coalition, The Climate Reality Project, Climate, Gun Control, Lead Ban on Bullets, Gas Companies & The Carnegie/Soros Network) (Past Research on the Carnegie Corporation of New York & Michael Bloomberg)

Sunday, September 13, 2026

https://thesteadydrip.blogspot.com/2026/09/goldman-sachs-says-oil-could-hit-120-if.html

Obama's New EPA Chief: Climate Change 'Most Significant Public Health Threat Of Our Time' (Past Research on the U.S. Environmental Protection Agency (EPA))

Tuesday, November 12, 2013

https://thesteadydrip.blogspot.com/2013/11/obamas-new-epa-chief-climate-change.html

CDC Turmoil Sparks Vance Attack on Democrats (Connecting the Dots: The Centers for Disease Control and Prevention (CDC), CBS News, Michael Bloomberg, Carter Center, Chuck Schumer, Al Sharpton, The Black Panthers & Soros Funding, All Networking) (Past Research on the Bloomberg Family Foundation)

Sunday, October 12, 2025

https://thesteadydrip.blogspot.com/2025/10/cdc-turmoil-sparks-vance-attack-on.html

Senator Cory Booker (Connecting the Dots: Senator Cory Booker, The Bloomberg Family Foundation, The Center for National Policy, The Truman National Security Project, Hunter Biden, Kamala Harris, Gun Control & Soros, All Networking) (Past Research on Cory Booker, the Bloomberg Family Foundation & the Mayors Against Illegal Guns)

Saturday, October 29, 2022

https://thesteadydrip.blogspot.com/2022/10/senator-cory-booker-connecting-dots.html