{
  "id": 8196616,
  "title": "Trump's own appointed Fed Chair raised interest rates despite Trump's objections, what next?",
  "url": "https://urgent.news/2026/09/18/trumps-own-appointed-fed-chair-raised-interest-rates-despite-trumps",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T07:37:06.000Z",
  "source": {
    "name": "Mothership",
    "slug": "mothership",
    "url": "https://mothership.sg/2026/09/fed-chair-raise-rates-trump-objection/"
  },
  "original_language": "en",
  "account": "On September 16th, the Federal Reserve unanimously increased the benchmark interest rate by 0.25 percent. President Donald Trump criticized the decision and demanded lower interest rates on social media. However, Kevin Warsh, who was nominated by Trump, served as the chair of the Federal Reserve at the time of the rate increase. The primary reason for the rate hike was to support a \"timely return\" to the committee's 2 percent inflation goal. Higher interest rates make borrowing more expensive, which can negatively impact consumers and businesses. The U.S. inflation rate stands at 3.4 percent, surpassing the 2 percent target since 2021. While Warsh is Trump's choice for the Fed chair, the Federal Open Market Committee, comprising Warsh and other members, ultimately decides on interest rates.",
  "summary": "Warsh's up?",
  "key_points": [
    "Federal Reserve raised interest rates by 0.25% on September 16th.",
    "Kevin Warsh, nominated by Trump, chaired the Fed during the rate hike.",
    "Inflation rate at 3.4% exceeds 2% target since 2021."
  ],
  "editors_take": "The rate hike shows that even Trump's own appointees can diverge from his views, limiting his influence over monetary policy despite his public criticisms of the Fed's decisions.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Fed meeting live updates: Fed hikes interest rates by 25 basis points as Warsh vows 'timelier return' to 2% inflation",
        "url": "https://urgent.news/2026/09/15/fed-meeting-live-updates-fed-hikes-interest-rates-by-25-basis-points",
        "published": "2026-09-15T14:34:52.000Z"
      }
    ]
  },
  "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."
}