Kevin Warsh, Donald Trump’s pick for Fed chair, raises rates despite intense pressure from presidentBusiness editorThe 12-0 decision will be a blow to Donald Trump, who wanted Kevin Warsh to cut rates. The vote means two other Trump Fed appointees – Michelle Bowman and Christopher Waller – agreed that it was time to raise rates, undercutting any p…
Federal Reserve raises interest rates for first time since July 2023 – live
Kevin Warsh, Donald Trump’s pick for Fed chair, raises rates despite intense pressure from presidentBusiness editorThe 12-0 decision will be a blow to Donald Trump, who wanted Kevin Warsh to cut rates. The vote means two other Trump Fed appointees – Michelle Bowman and Christopher Waller – agreed that it was time to raise rates, undercutting any p…
Originally reported by The Guardian Business
More like this
All Business
US Federal Reserve votes to hike rates for the first time since 2023
Move comes after Trump nominated Kevin Warsh as Fed chair and said US should have lowest rates in the worldThe US Fede…
Henry Zeffman: Andy Burnham and his chancellor have a battle on their hands as the Budget approaches
The Budget is only six weeks away and the economy is undoubtedly the biggest challenge facing the prime minister.
Burnham rejects 'tax and spend socialist' comments
The prime minister insists he is prepared to take "difficult decisions" at next month's Budget.