{
  "id": 7979373,
  "title": "Federal Reserve earns rebuke from Trump after interest rate hike",
  "url": "https://urgent.news/2026/09/17/federal-reserve-earns-rebuke-from-trump-after-interest-rate-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T07:57:02.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/federal-reserve-earns-rebuke-from-trump-after-interest-rate-hike/"
  },
  "original_language": "en",
  "account": "Federal Reserve Chair Kevin Warsh, appointed by President Trump, increased interest rates for the first time since 2023, signaling potential further hikes this year. The decision, made unanimously, was in response to persistent inflation above the Federal Reserve's two percent target. Inflation in August remained at 3.4 percent, despite a 27 percent increase in fuel prices due to the ongoing war in the Middle East. However, President Trump criticized the move, demanding interest rates be reduced to 1 percent or lower. He argued that the US was \"carrying\" other countries financially and that borrowing costs should be lowered. Analysts expect more rate hikes this year as energy and fuel prices continue to impact inflation. The Federal Open Market Committee members, through their 'dot plot', also signaled a possible further rate increase at upcoming meetings.",
  "summary": "Kevin Warsh’s Federal Reserve has raised interest rates for the first time since 2023 and effectively pencilled in another hike this year, defying President Trump’s demands for looser monetary policy. On Wednesday, Warsh joined a unanimous decision to raise the US’s central rate by 25 basis points – or a quarter of a percentage point [...]",
  "key_points": [
    "Federal Reserve Chair Kevin Warsh increased interest rates for the first time since 2023.",
    "President Trump criticized the rate hike, demanding rates be reduced to 1 percent or lower.",
    "Analysts expect more rate hikes this year due to ongoing inflation impacts."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Ajel English",
        "title": "Trump calls for US interest rates to be cut to 1% or lower",
        "url": "https://urgent.news/2026/09/17/trump-calls-for-us-interest-rates-to-be-cut-to-1-or-lower",
        "published": "2026-09-17T07:27:42.000Z"
      },
      {
        "outlet": "France 24 Business",
        "title": "US Federal Reserve hikes interest rates for the first time in three years",
        "url": "https://urgent.news/2026/09/17/us-federal-reserve-hikes-interest-rates-for-the-first-time-in-three",
        "published": "2026-09-17T09:08:23.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Federal Reserve: Hawkish path extends into year-end – Commerzbank",
        "url": "https://urgent.news/2026/09/17/federal-reserve-hawkish-path-extends-into-year-end-commerzbank",
        "published": "2026-09-17T11:58:03.000Z"
      },
      {
        "outlet": "Yahoo Finance",
        "title": "Top strategist thinks the Federal Reserve interest rate hike won't fix this huge earnings risk",
        "url": "https://urgent.news/2026/09/17/top-strategist-thinks-the-federal-reserve-interest-rate-hike-wont-fix",
        "published": "2026-09-17T12:16:19.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Why did the Federal Reserve raise interest rates and how does it affect me?",
        "url": "https://urgent.news/2026/09/17/why-did-the-federal-reserve-raise-interest-rates-and-how-does-it",
        "published": "2026-09-17T12:50:00.000Z"
      }
    ]
  },
  "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."
}