{
  "id": 7591941,
  "title": "Federal Reserve expected to raise benchmark rate, defying Trump's demands",
  "url": "https://urgent.news/2026/09/15/federal-reserve-expected-to-raise-benchmark-rate-defying-trumps",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T17:02:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20260916/federal-reserve-expected-to-raise-benchmark-rate-defying-trumps-demands"
  },
  "original_language": "en",
  "account": "The Federal Reserve faces a decision on Wednesday to raise its benchmark interest rate, a move that clashes with President Donald Trump's call for a rate cut. This quarter-point increase, from a current rate of approximately 3.6 percent, would mark the first hike in three years. However, Fed Chair Kevin Warsh's uncertainty about future actions makes the hike not a certainty. Notably, Warsh's speech at the Fed’s annual conference in Jackson Hole, Wyoming, two weeks prior, indicated that inflation has not yet been tamed to the Fed's 2 percent target. The conflict with Iran continues to fuel oil and gas price hikes, keeping inflation above the desired level.",
  "summary": "WASHINGTON — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump's support for a cut. A quarter-point increase in the Fed's rate, currently about 3.6 percent, isn't guaranteed because Fed Chair Kevin Warsh doesn't…",
  "key_points": [
    "Federal Reserve to raise benchmark rate by a quarter-point",
    "First hike in three years, defying Trump's demand for cut",
    "Fed Chair Kevin Warsh uncertain about future actions"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Federal Reserve expected to raise benchmark rate, defying Trump's demands",
        "url": "https://urgent.news/2026/09/15/federal-reserve-expected-to-raise-benchmark-rate-defying-trumps-7594154",
        "published": "2026-09-15T17:12:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}