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Economy

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Federal Reserve Raises Interest Rates in Hawkish Move by Chair Kevin Warsh Amid Rising Inflation
Business

Federal Reserve Raises Interest Rates in Hawkish Move by Chair Kevin Warsh Amid Rising Inflation

The Federal Reserve raised interest rates by a quarter-point in a move announced Wednesday, marking the central bank's first rate hike in over three years. Federal Reserve Chair Kevin Warsh delivered a hawkish message signaling openness to further hikes, as stubborn inflation driven by the ongoing war in Iran complicates monetary policy and tests the central bank's independence from the White House.

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