Fed Raises Rates as Warsh Bucks Trump to Contain Inflation: Fed Special
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Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Kevin Warsh after the Federal Reserve raised rates for the first time since 2023. The FOMC voted unanimously to raise rates by 25 basis points and the dot plot showed many Fed officials signaling support for further hikes. The move to hike rates goes in the face of prolonged pressure from President Trump to lower rates. Warsh said 'I’ve got nothing for you on on a discussion with the president' when asked by reporters. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and And
Tags: Donald Trump, Economic Data, Economy, Fed Decision, Fed Policy, Fed rate hike, Federal Reserve, Inflation, Interest Rates, Jonathan Ferro, Kevin Warsh, Lisa Abramowicz, Rate Hike, Tom Keene, U.S. Economy, labor market, price stability
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