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New Fed chair bucks Trump, hikes interest rate as inflation fears persist

Blaze · Sep 16, 1:21 PM CT · Cortney Weil

New Fed chair bucks Trump, hikes interest rate as inflation fears persist

Government

The Federal Reserve has raised the interest rate as fears of inflation persist despite economic optimism from President Donald Trump. On Wednesday, the Fed voted unanimously to increase interest rates by a quarter of a percentage point, the first rate-hike since 2023. 'We should…

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