Fed Raises Rates as Warsh Bucks Trump to Contain Inflation
The Federal Reserve raised interest rates by a quarter percentage point to contain inflation and projected another hike later this year. The decision is expected to test the relationship between Chairman Kevin Warsh and President Donald Trump.
The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump.
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