Washington, United States, Sept 16, 2026 (AFP) - US Fed raises rates to tackle 'too high' inflation in move sure to rile Trump

NAMPA / AFP

2026-09-16

The US Federal Reserve on Wednesday raised interest rates for the first time since 2023, defying President Donald Trump's demand for cuts, as central bank chief Kevin Warsh stressed the need to combat inflation that has been "too high" for "too long." The Fed's Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75 and 4.00 percent, saying the rate hike would support a "timelier return" to its two-percen......

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Washington, United States, Sept 16, 2026 (AFP) - US Fed raises rates to tackle 'too high' inflation in move sure to rile Trump

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