Rattner gives Trump a REALITY CHECK on Fed: 'He actually CREATED this rate increase'

By MS NOW

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The Federal Reserve voted to raise interest rates by a quarter-point, marking its first rate hike since 2023. The increase was approved unanimously by the Fed board Wednesday, with an indication that another is coming as part of an effort to combat inflation, largely driven by high oil prices brought on by the war with Iran. President Donald Trump lashed out at the Fed over the decision. Morning Joe economic analyst Steve Rattner joins the panel to explain why he says President Trump is actually responsible for the Fed’s rate increase. MS NOW: My Source for News, Opinion, and the World. On Saturday, September 26th, don’t miss the chance to attend “Together in Texas: We the People 2026,” our annual live community event. As the country heads toward the 2026 midterm elections, we’re bringing conversations with top newsmakers and insights from your favorite MS NOW hosts to the place at the center of it all: Texas. Go to ms.now/together to buy your tickets now. » Subscribe to MS NOW: htt

Tags: Joe Scarborough, Mika Brezinski, Willie Geist