Business
Federal Reserve Hikes Interest Rates Amid Economic Pressures
The Federal Reserve has raised interest rates for the first time in three years, despite persistent high prices and President Trump's demands for lower rates. The decision was unanimous.
Coverage timeline — 2 articles
Al Jazeera
The unanimous decision comes as prices have remained stubbornly high and despite Trump's demands for lower rates.
2026-09-16 23:03 UTC
The Hill
President Trump Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. “I'm relying on Kevin, but he's got a very tough board,” Trump told reporters after landing in North Carolina. “He's got a board that was put there by a lot of other people.
2026-09-16 23:11 UTC