Federal Reserve hikes key rate for first time in three years, defying Trump demands for cut
Federal Reserve Chairperson Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) at the Federal Reserve in Washington, D.C., U.S. on September 16, 2026. | Photo Credit: Reuters The Federal Reserve raised its benchmark interest rate on Wednesday (September 16, 2026) for the first time since 2023…