Trump’s Threats to Stop Trade Couldn’t Keep the Fed from Hiking Interest Rates

Fed hikes interest rates by quarter-point

The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank’s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank’s benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the…

Why the Fed Should Not Be Hiking Interest Rates

New Fed chair bucks Trump, hikes interest rate as inflation fears persist

The Federal Reserve has raised the interest rate as fears of inflation persist despite economic optimism from President Donald Trump.On Wednesday, the Fed voted unanimously to increase interest rates by a quarter of a percentage point, the first rate-hike since 2023.'We should have the LOWEST RATE of any country in the World.'"Economic activity is…

‘Stay in our lane’: Warsh vows Fed independence after hiking rates

Chairman Kevin Warsh drew a bright line between the Federal Reserve and the White House after the central bank raised interest rates in defiance of President Donald Trump. Warsh, speaking at a press conference in Washington on Wednesday after the rate decision, was asked by the Washington Examiner about whether the decision to proceed with…