US Federal Reserve Raises Interest Rates for First Time in Three Years
The Fed's rate hike comes as it battles high inflation, despite Trump's repeated calls for cuts.
The US Federal Reserve has raised its key interest rates for the first time in three years as part of its effort to bring down elevated inflation, according to the policy announcement. The decision sets the stage for potential tension between Federal Reserve Chair Kevin Warsh and President Donald Trump, who has repeatedly urged the central bank to lower rates.
Sources
- US Federal Reserve defies Trump with interest rate hike — France 24 — English
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Fed Chair Kevin Warsh Wins Unanimous Vote to Raise Interest Rates Amid White House Pressure
The Federal Reserve, led by chair Kevin Warsh, voted unanimously to raise interest rates for the first time in three years, according to a report by The Guardian.
Fed Raises Interest Rates for First Time This Year, NPR Explainer Breaks Down the Mechanics
NPR News reports the Federal Reserve increased its benchmark rate this week, and outlines in a new explainer how the move ripples through the economy.
Stock Market Faces Test From Rate Fears and AI Safety Debate, CNBC Reports
Investors weighed the prospect of a new Federal Reserve rate-hiking cycle alongside growing questions over artificial intelligence safety, according to a CNBC report.
Bank of Japan Raises Interest Rate to 31-Year High Amid Inflation Concerns
The central bank lifted its policy rate by 25 basis points to 1.25% in a split 7-2 vote, citing inflation risks, according to Anadolu Agency.
Japan Raises Interest Rate to 31-Year High Amid Inflation Concerns
The move follows a global trend of central banks tightening policy as high energy prices push up inflation, BBC Business reported.
Bank of Japan Raises Interest Rate to 31-Year High of 1.25%
Central bank cites inflation risks as it lifts benchmark rate from 1 percent, its highest level in three decades
Comments
Loading comments…