Federal Reserve is expected to raise its benchmark rate, defying President Trump's demands

Trump rips 'hostile' Fed board after interest rate hike but defends Warsh

President Donald Trump tore into the “hostile” Federal Reserve after the board voted on Wednesday to raise interest rates but held back criticism of Chairman Kevin Warsh, whom he tapped to lead the central bank earlier this year. Speaking with reporters in North Carolina, Trump was asked about the interest rate decision. The president said Warsh’s […]

During Impromptu Presser President Trump Notes a Political Fed Board and Sends a Warning to Europe/Canada

During an impromptu press availability before boarding Airforce One, President Trump paused to talk to the assembled press pool. President Trump notes during a discussion with Federal Reserve Chairman Kevin Warsh he told him to just go along with the board decision to raise interest rates again. The board is highly political and operating against […]

Fed raises interest rate for first time in 3 years

The decision was largely forced on the Fed by the financial markets, which had priced in a 90 percent probability of an increase.

US Fed raises rates to tackle 'too high' inflation, irking Trump

The Fed's Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75 and 4.00 percent. "The plain fact is that inflation is too high, and has been for too long," Warsh told a press conference, adding that the decision was a "serious" but necessary one. And Wednesday's rate hike may not be the last -- the vast majority of Fed policymakers indicated that at least one more rate hike was likely necessary before…

US Fed Raises Key Rate for First Time in 3 Years

The US Federal Reserve raised interest rates by 25 basis points to 3.75%-4% as inflation remains elevated

US interest rates raised for first time in three years

US interest rates raised for first time in three years