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Federal Reserve raises interest rates for the first time in three years, a move by Chairman Kevin Warsh that could put him at odds with Trump
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The Federal Reserve hikes its key interest rate for the first time in three years, defying President Trump's demand for a cut.
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The Federal Reserve raised interest rates for the first time since 2023, putting its leader at odds with President Trump.
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The Fed raised interest rates by 0.25 percentage points, the first hike since July 2023.
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American consumers could see higher interest rates on their debts, and some will benefit from higher returns on their savings accounts. The hike comes just days after President Donald Trump said the United States should have “the lowest interest rates in the world.”
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The Fed raises interest rates to battle inflation, defying Trump’s call for a cut
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The Fed voted unanimously to raise rates for the first time in three years, and most officials projected one more increase by year-end
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Fed raises rates for first time since 2023 as Kevin Warsh defies Trump’s calls for lower borrowing costs — follow live
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Fed raises rates a quarter-point in first hike of Warsh era; officials see one more this year as inflation remains 'elevated'