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US Federal Reserve defies Trump with interest rate hike
The US Federal Reserve defied expectations by raising its key interest rates for the first time in three years, a move aimed at curbing persistent inflation pressures. Image: france24.com via source article

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The US Federal Reserve raised its key interest rates for the first time in three years, seeking to bring down high inflation, while facing potential confrontation with President Donald Trump

The US Federal Reserve defied expectations by raising its key interest rates for the first time in three years, a move aimed at curbing persistent inflation pressures. The policy shift places Chairman Kevin Warsh at the center of a tense dynamic with President Donald Trump, whose administration has long advocated for lower borrowing costs.

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