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The Economic Times
The Economic Times

Decision Day Guide: Fed seen hiking interest rates in defiance of Trump

US Federal Reserve Kevin Warsh Donald Trump Interest Rates Inflation the Federal Reserve White House

The Federal Reserve is expected to lift interest rates on Wednesday for the first time since 2023 as policymakers lose confidence that inflation will cool sufficiently without at least a nudge from the central bank.

That’s likely to strain Chairman Kevin Warsh’s relationship with President Donald Trump.

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