‘It’s a raise against Trump:’ Despite inflation being ahead of target for five years, Trump brands latest hike as political | Fortune0

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• September 17, 2026

Federal Reserve Chairman Kevin Warsh told markets yesterday that the central bank’s rate-setting committee had unanimously agreed on a 25 basis point interest rate hike to combat inflation. The U.S. base rate now sits at 3.75% to 4%, a quarter-percentage-point increase in the opposite direction of the downward trajectory Trump has been aggressively lobbying for.