‘Inflation is too high…’: Fed hikes interest rates by 25 bps as Warsh resists Trump’s cut demand

By The Economic Times

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The Federal Reserve has raised interest rates for the first time since 2023, lifting its benchmark rate by 25 basis points to a target range of 3.75% to 4%. The unanimous 12-0 decision follows a two-day policy meeting as the Fed confronts inflation that remains above its 2% target, along with renewed pressure from higher energy prices. Speaking at a press conference after the decision, Warsh said the Federal Reserve's predominant focus will remain on controlling inflation. #FederalReserve #KevinWarsh #Fed #InterestRates #RateHike #Inflation #ViralNews #ViralClip #LatestUSNews #USEconomy #MonetaryPolicy #DonaldTrump #Economy #BreakingNews #FedRateHike ► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTimes?sub_confirmation=1 ► More Videos @ ETTV - https://economictimes.indiatimes.com/TV ► https://EconomicTimes.com ► For business news on the go, download ET app: https://etapp.onelink.me/tOvY/EconomicTimesApp Follow ET

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