Warsh Hikes Rates Despite Trump
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Federal Reserve Chair Kevin Warsh raised the benchmark interest rate by 0.25 percentage point to 3.75 to 4.00 percent to combat inflation, despite pressure from President Donald Trump.
Full coverage: www.nytimes.com/live/2026/09...
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Full coverage: www.nytimes.com/live/2026/09...
#EconSky
Reposted by Daniel W. Drezner, Richard Moorhead, Ann Bartow
WASHINGTON (AP) - Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut.
WASHINGTON (AP) - Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut.
Let's check in on how that's working.
Let's check in on how that's working.
Reposted by Juan Cole, Elizabeth Warren, Alan Richardson
Reposted by David Darmofal
apnews.com/article/fede...
apnews.com/article/fede...
It is equally interesting to see how eagerly some market participants await the updated rate "dots," even as momentum builds against the current approach to forward guidance.
All this underscores just how difficult it is to evolve a Fed–market paradigm...
It is equally interesting to see how eagerly some market participants await the updated rate "dots," even as momentum builds against the current approach to forward guidance.
All this underscores just how difficult it is to evolve a Fed–market paradigm...
Reposted by James Goodwin
That’s >$246 million per day, on average.
CBO says the war has raised inflation and global energy prices, citing reduced traffic in the Strait of Hormuz, and says it’ll raise interest rates on treasuries.