{
  "id": 8125071,
  "title": "‘In our lane’: Fed’s Warsh defies Trump but still fighting for credibility",
  "url": "https://urgent.news/2026/09/17/in-our-lane-feds-warsh-defies-trump-but-still-fighting-for-credibility-8125071",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T22:32:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/18/in-our-lane-fed-s-warsh-defies-trump-but-still-fighting-for-credibility"
  },
  "original_language": "en",
  "account": "Federal Reserve Chair Kevin Warsh raised the US interest rate by 25 basis points to between 3.75% and 4%, defying President Donald Trump but raising questions about his credibility. Trump has been hostile towards the Fed's independence, initiating a criminal probe into Warsh's predecessor and attempting to fire another Fed governor. He frequently insulted and berated former chair Jerome Powell. However, Warsh's response to Trump's announcement of the rate hike was muted, with Warsh stating \"that's part of the independence of the Federal Reserve - we stay in our lane.\" Warsh's decision to raise rates came seven weeks before the midterm elections, and economists praised his \"steel in his spine.\" However, questions about his independence remain, with some suggesting that Trump's influence may have played a role in the decision.",
  "summary": "The Fed on Wednesday raised US rates by 25 basis points to between 3.75% and 4%, with policymakers signalling at least one more rate hike before year-end.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "'In our lane': Fed's Warsh defies Trump but still fighting for credibility",
        "url": "https://urgent.news/2026/09/17/in-our-lane-feds-warsh-defies-trump-but-still-fighting-for-credibility",
        "published": "2026-09-17T20:02:02.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "‘In our lane’: Fed’s Warsh defies Trump but still fighting for credibility",
        "url": "https://urgent.news/2026/09/17/in-our-lane-feds-warsh-defies-trump-but-still-fighting-for-credibility-8125419",
        "published": "2026-09-17T22:32:00.000Z"
      }
    ]
  },
  "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."
}