Politics

Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

ABC News Politics · September 15, 2026 at 1:02 AM

Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s demands

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Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

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