# Fed raises key rate for first time in 3 years, defying Trump calls for a cut

https://mins.news/en/video/61990

- The Associated Press, 2026-09-17 02:29 UTC
- Economy
- Original: https://www.youtube.com/watch?v=gTVTITJ3tRI

> Federal Reserve Chair Kevin Warsh announced a quarter-point increase in the benchmark rate to about 3.9% on Wednesday, citing persistent inflation. The first hike since 2023 could raise mortgage and auto-loan costs, as Americans face high living expenses just seven weeks before the midterm elections.

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