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France 24

Business

Kate MOODY

US Federal Reserve defies Trump with interest rate hike

Donald Trump Kevin Warsh Interest Rates the US Federal Reserve France Beijing Hong Kong Inflation

Cover image: business © France 24

The US Federal Reserve has raised its key interest rates for the first time in three years, as it seeks to bring down high inflation. The policy decision sets up a potential confrontation between Chairman Kevin Warsh and President Donald Trump, who has repeatedly called on the central bank to cut interest rates. Also in this segment: France extends fuel subsidies as fishermen’s protests gather momentum, and Hong Kong seeks to fall in line with Beijing's economic vision.

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