Federal Reserve hikes rate to 3.75%-4.00%, the first increase in three years Kevin Warsh, Donald Trump’s pick for Fed chair, expected to raise rates despite intense pressure from presidentBusiness editorThe Fed has two mandates: price stability and supporting the job market. Key points and original sources are listed below.

• Federal Reserve hikes rate to 3.75%-4.00%, the first increase in three yearsS1

• Kevin Warsh, Donald Trump’s pick for Fed chair, expected to raise rates despite intense pressure from presidentBusiness editorThe Fed has two mandates: price stability and supporting the job market. The jobs market has remained robust but spikes in energy pric...S2