Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut. The Federal Reserve raised rates by a quarter percentage point, to 3.75%-4%. Key points and original sources are listed below.
- Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.S1
- The Federal Reserve raised rates by a quarter percentage point, to 3.75%-4%.S2
- President Donald Trump on Wednesday demanded the Federal Reserve slash interest rates to 1% “or less,” hours after the centralS3
- The Federal Reserve hiked rates Wednesday for the first time in 3 years. President Trump said the FOMC should cut.S4
- Trump calls for interest rates of 1% or lower, after Fed hikes to 3.75%-4.00%S5
- President conflates central bank’s interest rate with what a consumer would pay based on a credit scoreS6
- President Donald Trump demanded an interest-rate cut after the Federal Reserve raised rates by a quarter percentage point, defying his repeated calls for lower borrowing costs.S7