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Trump Demands Fed Cut Rates to 1% After Hike

By Drooid · Sep 17, 2026, 12:08 PM UTC · How we work

Summary

Story summary

President Donald Trump criticized the Fed’s rate hike and demanded rates fall to 1% or lower.
The Federal Reserve raised rates a quarter point to 3.75%-4.00%, its increase in three years.
Fed Chair Kevin Warsh said inflation and energy prices, partly from the Iran conflict, remain concerns.
The Fed’s preferred inflation gauge was 3.7% YoY in July; core was 3.3%.
Sixteen of 18 policymakers expect another 0.25-point hike before year-end.

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Story summary

President Donald Trump criticized the Fed’s rate hike and demanded rates fall to 1% or lower.
The Federal Reserve raised rates a quarter point to 3.75%-4.00%, its increase in three years.
Fed Chair Kevin Warsh said inflation and energy prices, partly from the Iran conflict, remain concerns.
The Fed’s preferred inflation gauge was 3.7% YoY in July; core was 3.3%.
Sixteen of 18 policymakers expect another 0.25-point hike before year-end.