{
  "id": 7939203,
  "title": "Fed raises US rates to tackle ‘too high’ inflation, irking Trump",
  "url": "https://urgent.news/2026/09/17/fed-raises-us-rates-to-tackle-too-high-inflation-irking-trump",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T00:45:00.000Z",
  "source": {
    "name": "Bangkok Post Business",
    "slug": "bangkok-post-business",
    "url": "https://www.bangkokpost.com/business/general/3321130/fed-raises-us-rates-to-tackle-too-high-inflation-irking-trump"
  },
  "original_language": "en",
  "account": "The US Federal Reserve, on Wednesday, increased interest rates for the first time since 2023, in defiance of President Donald Trump's call for rate cuts. The Federal Open Market Committee voted unanimously to raise rates by 25 basis points, between 3.75% and 4.00%. Kevin Warsh, the Fed's chief, emphasized the necessity of this decision, stating, \"The plain fact is that inflation is too high, and has been for too long.\" This rate hike may not be the last; most Fed policymakers indicated at least one more rate hike was likely before the year's end. US households and businesses have struggled with years of inflation above target levels, with prices surging due to Trump's actions, including his war on Iran, tariff policies, and the AI boom. The president reacted angrily, calling the Fed's decision a \"raise against Trump\" and accusing it of making politically motivated choices.",
  "summary": "WASHINGTON - The US Federal Reserve on Wednesday raised interest rates for the first time since 2023, defying President Donald Trump’s demand for cuts, as central bank chief Kevin Warsh stressed the need to combat inflation that has been “too high” for “too long.”",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Now that the Fed raised rates, where to score the best yields on your cash",
        "url": "https://urgent.news/2026/09/16/now-that-the-fed-raised-rates-where-to-score-the-best-yields-on-your",
        "published": "2026-09-16T19:39:33.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "US Fed chair Kevin Warsh explains why the Federal Reserve raised interest rates",
        "url": "https://urgent.news/2026/09/16/us-fed-chair-kevin-warsh-explains-why-the-federal-reserve-raised",
        "published": "2026-09-16T19:43:14.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Trump demands 1% rates hours after the Fed raised them",
        "url": "https://urgent.news/2026/09/16/trump-demands-1-rates-hours-after-the-fed-raised-them",
        "published": "2026-09-16T21:04:26.000Z"
      },
      {
        "outlet": "Axios",
        "title": "Trump demands lower interest rates after Fed decision",
        "url": "https://urgent.news/2026/09/16/trump-demands-lower-interest-rates-after-fed-decision",
        "published": "2026-09-16T21:23:37.000Z"
      },
      {
        "outlet": "Qatar Tribune Business",
        "title": "Fed raises rates as Trump faces higher borrowing costs",
        "url": "https://urgent.news/2026/09/16/fed-raises-rates-as-trump-faces-higher-borrowing-costs",
        "published": "2026-09-16T21:25:00.000Z"
      },
      {
        "outlet": "WSJ Economy",
        "title": "President Trump said he was standing by Federal Reserve Chairman Kevin Warsh and that he spoke to him just before the central bank unanimously voted to raise interest rates",
        "url": "https://urgent.news/2026/09/16/president-trump-said-he-was-standing-by-federal-reserve-chairman",
        "published": "2026-09-16T23:16:00.000Z"
      },
      {
        "outlet": "BBC News",
        "title": "Why Trump's hand-picked Fed chair defied him by raising interest rates",
        "url": "https://urgent.news/2026/09/17/why-trumps-hand-picked-fed-chair-defied-him-by-raising-interest-rates",
        "published": "2026-09-17T00:38:50.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "US Fed raises interest rates for first time since 2023, Trump sees move as personal attack",
        "url": "https://urgent.news/2026/09/17/us-fed-raises-interest-rates-for-first-time-since-2023-trump-sees",
        "published": "2026-09-17T00:45:52.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "‘1% or less’: Trump demands rate cut after US Fed raises interest rates for first time since 2023",
        "url": "https://urgent.news/2026/09/17/1-or-less-trump-demands-rate-cut-after-us-fed-raises-interest-rates",
        "published": "2026-09-17T01:45:21.000Z"
      }
    ]
  },
  "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."
}