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US Federal Reserve raises rates, defying Trump’s push for cheaper borrowing
The Federal Reserve has lifted its benchmark interest rate by 0.25 percentage points, reportedly its first increase in three years.
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Event
US Federal Reserve raises key interest rates despite Trump
The US central bank raised its benchmark interest rate for the first time in three years, with new Fed Chair Kevin Warsh opposing President Donald Trump's preference for lower rates. Consumer banks and bond markets reacted.
2 published stories · security · source reliability 33%
Background
Why this event matters
The US Federal Reserve reportedly raised its benchmark interest rate by 0.25 percentage points, its first increase in three years and the first since 2023. The decision was led by new chair Kevin Warsh, reportedly less than four months into the role, despite President Donald Trump’s calls for lower borrowing costs. Consumer banks, bond markets and some Asian currencies reacted, while high oil prices added pressure.
event-brief
US Federal Reserve raises key interest rates despite Trump
The US Federal Reserve reportedly raised its benchmark interest rate by 0.25 percentage points, its first increase in three years and the first since 2023. The decision was led by new chair Kevin Warsh, reportedly less than four months into the role, despite President Donald Trum
Reporting trail
France 24 International | https://www.france24.com/en/tv-shows/business/20260917-us-federal-reserve-hikes-interest-rates-for-the-first-time-in-three-years | published 2026-09-17T09:08:23.000Z | primary sourceFrance 24 International | Primary supplied report on the rate rise, political tension and market reactionEvent digest | Concise statement of the rate increase and principal actorsRetrieved context: SAME_EVENT | Corroborates the Fed decision and Trump-related tensionRetrieved context: HISTORICAL_CONTEXT | Provides reported timing, Trump’s rate preference and regional market backgroundFrance 24 International | https://www.france24.com/en/us-federal-reserve-defies-trump-with-interest-rate-hike | published 2026-09-16T21:38:45.000Z | primary sourceFrance 24 International | Primary supplied report of the rate increase, inflation rationale and Trump’s calls for cuts.Event digest | Concise statement of the reported event and its political implications.Retrieved context: historical context | Provides the reported 25-basis-point increase, target range and additional inflation background.Retrieved context: background cards | Supplies associated names and reported details about Trump’s demands.
Fact cards
entity brief
US Federal Reserve raises key interest rates despite Trump: key people and institutions
Key entities: US Federal Reserve, Kevin Warsh, Donald Trump.
faq brief
US Federal Reserve raises key interest rates despite Trump: key questions
What did the Federal Reserve do? It raised its benchmark interest rate by 0.25 percentage points. Why is the decision significant? It was reportedly the first rate rise in three years, and the first since 2023. Who led the decision? New Fed chair Kevin Warsh. How did Donald Trump
source brief
US Federal Reserve raises key interest rates despite Trump: reporting sources
France 24 International | https://www.france24.com/en/tv-shows/business/20260917-us-federal-reserve-hikes-interest-rates-for-the-first-time-in-three-years | published 2026-09-17T09:08:23.000Z | primary source | France 24 International | Primary supplied report on the rate rise, p
timeline brief
US Federal Reserve raises key interest rates despite Trump: timeline
2023: Previous reported US Federal Reserve interest-rate rise. Less than four months before 2026-09-17: Kevin Warsh became Federal Reserve chair, according to supplied historical material. 2026-09-17: The Federal Reserve reportedly raised its benchmark rate by 0.25 percentage poi
Timeline
2023
Previous reported US Federal Reserve interest-rate rise.
Less than four months before 2026-09-17
Kevin Warsh became Federal Reserve chair, according to supplied historical material.
2026-09-17
The Federal Reserve reportedly raised its benchmark rate by 0.25 percentage points.
After the rate rise
Consumer banks and bond markets reacted; Asian currencies reportedly weakened.
FAQ
What did the Federal Reserve do?
It raised its benchmark interest rate by 0.25 percentage points.
Why is the decision significant?
It was reportedly the first rate rise in three years, and the first since 2023.
Who led the decision?
New Fed chair Kevin Warsh.
How did Donald Trump respond?
Trump had reportedly called for an interest rate of 1 per cent or lower.
What was the market reaction?
Consumer banks and bond markets reacted, while Asian currencies reportedly weakened.
Why did the Federal Reserve raise rates?
The supplied reports cite persistently high inflation; retrieved background also mentions fuel-cost pressures.
How large was the increase?
Retrieved background reports a 25-basis-point rise, but this is not specified in the supplied primary report.
What is the reported new target range?
Retrieved background gives a range of 3.75–4 per cent.
What had Donald Trump demanded?
He had repeatedly called for rate cuts and was reported to have sought a rate of 1 per cent or lower.
Could this create a political confrontation?
The event digest describes a potential confrontation between Trump and the Federal Reserve.