Iranian Parliament Speaker Mohammad Bagher Ghalibaf has taken a swipe at the US Federal Reserve's 25-basis-point rate hike, using a satirical version of the Taylor Rule to mock the central bank's policy decision.
In a post on X, Ghalibaf introduced what he called the “Straits Taylor Rule”, adding variables linked to the Strait of Hormuz and what appeared to be a reference to oil barrels.
Straits Taylor Rule:
i = r* + π* + 1.5(π−π*) + 0.5(y−y*) + α(SOH−SOH*) + β(BEM−BEM*), α,β > 0
Let's see if a hike could open SOH or produce a single barrel :)
You can't 25bp a chokepoint and r* isn't neutral. It's SOH risk premium, and We set it.
Stay unanchored !Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
— محمدباقر قالیباف | MB Ghalibaf (@mb_ghalibaf) September 16, 2026
ALSO READ: Fed Delivers First Rate Hike In Three Years As Kevin Warsh Starts Battling Inflation
Ghalibaf argued that a 25-basis-point rate hike could not address the risks surrounding a strategic chokepoint such as the Strait of Hormuz. He also suggested that the risk premium associated with the strait was not neutral and that Iran had control over it.
“Let's see if a hike could open SOH or produce a single barrel,” Ghalibaf wrote, referring to the Strait of Hormuz.
He ended the post with the phrase “Stay unanchored!”, playing on the Fed's use of the term “anchored” in discussions around inflation expectations.
The US Federal Reserve delivered its first interest rate hike in over three years, as the Kevin Warsh-led Federal Open Market Committee took its first major step to tame persistent inflation. Benchmark lending rates were raised by 25 basis points to 3.75–4%, matching market expectations.
ALSO READ: Fed Rate Decision LIVE: Wall Street Slips Into Red After Warsh Says Inflation Still Too High
In its policy statement, the central bank noted that economic activity continues to expand at a solid pace, underpinned by domestic spending that has remained resilient despite ongoing macro uncertainty.
Job gains have largely kept pace with the workforce, the Fed observed, projecting the median unemployment rate to hold steady at 4.1% across both 2026 and 2027.
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