Fed Expected to Raise Rates, Defying Trump — SkimNews
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- Federal Reserve is expected to raise its benchmark interest rate, defying Trump's demands that the central bank hold rates steady
- Warsh is set for a showdown with Trump as the Fed faces pressure to raise rates for the first time in three years, per the New York Times headline
Why it matters: A rate hike against the president's explicit demands puts Fed independence on a direct collision course with the White House, and markets will parse whether the committee is willing to absorb political heat — the first such hike in three years makes the break from the post-pandemic hold pattern explicit.
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