The Fed Raises Interest Rates Despite Donald Trump's Opposition
The U.S. Federal Reserve announced on Wednesday a quarter-point increase in its benchmark interest rates, now ranging from 3.75% to 4%, in an effort to contain inflation, according to Le Monde.
The U.S. Federal Reserve (Fed) decided on Wednesday, September 16, to raise its benchmark interest rates by a quarter point, bringing them to a range of 3.75% to 4%, according to Le Monde.
According to the newspaper, this decision aims to halt the rise in prices in the United States, at a time when inflation remains a major concern for the monetary institution.
Le Monde emphasizes that this rate increase goes against the positions expressed by U.S. President Donald Trump, who had advocated for a different monetary policy approach.
The Fed's decision thus illustrates the independence of the American central bank from executive authority in the conduct of its monetary policy.
Sources
- La Fed va à l’encontre de Donald Trump et augmente ses taux directeurs pour lutter contre l’inflation aux Etats-Unis — Le Monde — Une
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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