{
  "id": 7895048,
  "title": "Trump lashes out at Fed after Warsh backs rate hike; says rates should be '1% or less'",
  "url": "https://urgent.news/2026/09/16/trump-lashes-out-at-fed-after-warsh-backs-rate-hike-says-rates-should",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T23:21:00.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/world/trump-lashes-out-federal-reserve-rate-hike-kevin-warsh-6390466"
  },
  "original_language": "en",
  "account": "US President Donald Trump criticized Federal Reserve chief Kevin Warsh on Wednesday, expressing frustration over the central bank's decision to raise interest rates to combat persistent inflation. In a social media post on his platform Truth Social, Trump stated that interest rates in the United States should be 1% or less, as the country possesses the \"best credit in the world—BY FAR.\" He urged for lower interest rates for the United States of America, emphasizing that lower rates would benefit the nation. Despite later stating his continued confidence in Warsh, the president criticized the central bank's policies as \"very hostile\" and \"political,\" claiming they were \"doing the wrong thing.\" Trump also linked the Fed's rate hike to US trade deficits, implying that the central bank's decisions contribute to the country's financial burden. The Federal Reserve unanimously raised rates by 25 basis points to 3.75-4.00 percent, with most policymakers anticipating further increases by the end of the year. Fed Chair Kevin Warsh defended the decision as a \"sober, serious, responsible\" choice to address high inflation.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Business Insider",
        "title": "What smart people in business and economics are saying about the Fed interest rate hike",
        "url": "https://urgent.news/2026/09/16/what-smart-people-in-business-and-economics-are-saying-about-the-fed",
        "published": "2026-09-16T22:30:30.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Trump demands 1% US interest rate after Fed delivers first hike in three years",
        "url": "https://urgent.news/2026/09/16/trump-demands-1-us-interest-rate-after-fed-delivers-first-hike-in",
        "published": "2026-09-16T22:36:26.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Stock futures rise after Fed's rate hike spurs a market sell-off: Live updates",
        "url": "https://urgent.news/2026/09/16/stock-futures-rise-after-feds-rate-hike-spurs-a-market-sell-off-live",
        "published": "2026-09-16T23:16:49.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Hong Kong follows US Fed with first rate hike in over three years",
        "url": "https://urgent.news/2026/09/16/hong-kong-follows-us-fed-with-first-rate-hike-in-over-three-years",
        "published": "2026-09-16T23:58:20.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "Seoul stocks open higher despite first Fed rate hike in over 3 yrs",
        "url": "https://urgent.news/2026/09/17/seoul-stocks-open-higher-despite-first-fed-rate-hike-in-over-3-yrs",
        "published": "2026-09-17T00:03:48.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul stocks open higher despite first Fed rate hike in over 3 years",
        "url": "https://urgent.news/2026/09/17/seoul-stocks-open-higher-despite-first-fed-rate-hike-in-over-3-years",
        "published": "2026-09-17T00:22:03.000Z"
      }
    ]
  },
  "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."
}