Trump criticizes Fed after rate hike
President Donald Trump criticized the Federal Reserve after central bank officials voted to raise interest rates by 25 basis points. Fed Chief Kevin Warsh defended the decision, citing persistent inflation.
United States President Donald Trump criticized Federal Reserve Chair Kevin Warsh on Wednesday after policymakers raised interest rates by 25 basis points to a range of 3.75%-4.00%. The rate increase marks a notable shift in monetary policy aimed at curbing persistent inflation. The public rebuke highlights mounting tension between the White House and the central bank over borrowing costs.
