Fed Poised to Raise Rates, Defying Trump — SkimNews
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- Federal Reserve is expected to raise its benchmark interest rate, defying Trump's demands to refrain from the move.
- Warsh is set for a showdown with Trump as the Fed faces pressure to raise rates, according to The New York Times.
Why it matters: Trump's public campaign against Fed rate hikes is now meeting institutional resistance, with Warsh positioned at the center of that confrontation—a collision that tests how far the White House will press the central bank's independence.
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