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Warsh 'Has No Choice' But to Hike Rates

On Tuesday's broadcast of Bloomberg's "Balance of Power," Rep. Troy Downing (R-MT) stated that Federal Reserve Chair Kevin Warsh doesn't have any choice | Clips

Coverage (1)· Sep 16, 3:32 AM

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The Fed might raise interest rates Wednesday. How could it hit Gainesville?The Federal Reserve is expected to raise interest rates on Wednesday for the first time since July 2023, reversing a series of cuts made in 2024 and 2025. The Fed, which is the U.S. central bank, conducts monetary policy by setting the interest rate banks charge each other to borrow money overnight. Any changes ripple outward, and it impacts Gainesville…
Federal Reserve is expected to raise its benchmark rate, defying Trump's demandsThe Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s demands. An increase in the Fed’s rate, currently about 3.6%, isn’t guaranteed but most analysts and economists expect a…

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