Why Trump's hand-picked Fed chair defied him by raising interest rates
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Source: BBC News
Published: 2026-09-17 10:38 UTC+10:00
Section: General
Factuality Score: 92
Opinion Category: Neutral
Topics: Politics, Europe, Elections, World News, US Politics, Business & Economy
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Snippet:
US interest rates have been raised for the first time in more than three years to 3.75%-4% from 3.5%-3.75% by the Federal Reserve. Fed Chair Kevin Warsh warned they could be increased further later this year in a bid to slow rising prices.
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