The .25% increase comes despite fierce opposition from the US president, who has called for rates to be cut.
US interest rates have been raised for the first time in more than three years to 3.75%-4% from 3.5%-3.75% by the Federal Reserve. Fed Chair Kevin Warsh warned they could be increased further later this year in a bid to slow rising prices. The increase comes despite fierce opposition from President Donald Trump, who had called for rates to be cut.
The president on Wednesday accused top Federal Reserve policymakers of acting against him for political reasons.
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19.09.2026
Week in Politics: Trump bans news outlets; Iran War; mail-in voting; interest rates
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19.09.2026
Trump Wants Interest Rates at 1%: What It Would Mean for Americans
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17.09.2026
Ghalibaf’s maths missile at Trump decoded: Is Iran fixing US interest rates?
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17.09.2026
Why the Bank of England Didn’t Follow the Fed in Raising Interest Rates
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Fed Led by Trump-Picked Chair Raises Rate Despite Trump’s Calls to Lower Them
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