Federal Reserve defies Donald Trump with first rate rise since 2023
- Posted on September 16, 2026
- By Financial Times
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- 1 min read
In brief
The Federal Reserve implements its first interest rate increase since 2023, demonstrating independence from political pressure amid inflationary concerns. Federal Reserve Chair Kevin Warsh emphasizes that persistent inflation remains a critical challenge requiring decisive monetary policy action. This move signals the central bank's commitment to price stability and suggests potential additional rate adjustments ahead. The decision reflects ongoing economic pressures despite external political scrutiny.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Federal Reserve defies Donald Trump with first rate rise since 2023
Central bank signals willingness for further action as chair Kevin Warsh warns that ‘inflation is too high and has been for too long’
