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EconomyFederal Reserve raises key rate for first time in three years, defying Trump’s call for a cut

The Federal Reserve raised its key interest rate for the first time in three years, going against President Donald Trump’s demand for a cut or no change. Chair Kevin Warsh is caught between markets expecting a hike and the president’s opposing pressure.

Federal Reserveinterest ratesDonald Trumpfinancial markets

TThe Associated Press★★★★☆2026-09-16 18:07Original

Federal Reserve raises key rate for first time in three years, defying Trump’s call for a cut
Federal Reserve raises key rate for first time in three years, defying Trump’s call for a cutEconomy