Fed Expected to Raise Rates, Defying Trump — SkimNews
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- Federal Reserve is expected to raise its benchmark interest rate, the first such hike since 2023, according to multiple outlets covering the upcoming meeting.
- The expected hike defies Trump's demands, setting up a showdown between Fed official Kevin Warsh and the president over the direction of monetary policy.
Why it matters: The Fed's expected rate hike — its first since 2023 — defies Trump's explicit demands for cuts. Warsh's scheduled confrontation with the president over the decision makes the upcoming meeting a direct political test of Fed decision-making against White House preferences on monetary policy.
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