{
  "id": 7594154,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T17:12:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20260916/federal-reserve-expected-to-raise-benchmark-rate-defying-trumps-demands"
  },
  "original_language": "en",
  "account": "Washington — The Federal Reserve is widely anticipated to increase its benchmark interest rate by a quarter-point on Wednesday, for the first time in three years, in an effort to combat persistent high inflation. This move would contrast with President Donald Trump's advocacy for a rate reduction. It remains uncertain if the Fed will proceed with the hike, as Chair Kevin Warsh has not provided clear indications of future actions, unlike his predecessors. However, most analysts and economists are confident in the hike following Warsh's speech at the Fed's annual conference in Jackson Hole, Wyoming, two weeks ago. During that address, Warsh contended that the Fed had not yet succeeded in its goal of curbing inflation. A rate increase would inject another significant change into a volatile period for the economy and financial markets. Until March, the Fed had projected it would lower its rate multiple times within the year. However, the ongoing Iran conflict and its impact on oil and gas prices have led to sharp price hikes, making it probable that inflation will stay above the Fed's 2 percent target for an extended duration. \"I do not see the end of the Iran war,\"",
  "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": [],
  "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",
        "published": "2026-09-15T17:02:03.000Z"
      }
    ]
  },
  "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."
}