WASHINGTON — The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday, the first increase in three years and the first major policy move under new Chair Kevin Warsh.
The Federal Open Market Committee voted unanimously to set the target range at 3.75% to 4.00%, citing elevated inflation.
The Fed lifts rates 25bps to 3.75–4.00%, sees higher rates ahead. Trump again demands 1%.
— Lisa Brouwers (@LJBrouwers) September 17, 2026
Reporting based on the FOMC statement and Chair Warsh’s press conference on September 16, 2026.
