Politics
Federal Reserve Hikes Interest Rates
The Federal Reserve, led by Chair Kevin Warsh, raised interest rates for the first time in several years to combat inflation. The rate hike was approved unanimously and brought the federal funds rate to a range of 3.75% to 4%. This decision follows ongoing geopolitical tensions with Iran.
Coverage timeline — 3 articles
The Hill
The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the federal funds rate to a range of 3.75 percent to 4 percen
2026-09-16 18:01 UTC
The Hill
GOP Rep. Thomas Massie (Ky.) accused House Republican leadership on Wednesday of sending lawmakers home early to avoid a vote on his resolution to impeach Defense Secretary Pete Hegseth. The announcement, shared by the office of GOP Whip Tom Emmer (R-Minn.), cuts the final legislative week before t
2026-09-16 18:05 UTC
The Hill
Federal Reserve Chair Kevin Warsh is set to give remarks Wednesday afternoon after the central bank opted to raise interest rates by 0.25 percent to tame inflation amid the Iran war. The Federal Open Market Committee voted unanimously to increase the rate to a range of 3.75 to 4 percent, its first h
2026-09-16 18:20 UTC