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Fed Raises Rates Unanimously, Warns Inflation Not Improved

By Drooid · Sep 18, 2026, 6:13 PM UTC · How we work

Summary

Story summary

Federal Reserve (Fed) raised interest rates after Federal Open Market Committee voted unanimously on Wednesday, September 16.
Fed Chair Kevin Warsh warned that inflation has not improved and another hike may come in late October.
U.S. President Donald Trump claimed rates should be much lower because the U.S. economy is booming.
A New York Times/Siena poll found 75% rate the economy fair or poor, 73% disapprove Trump’s cost-of-living handling.

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Story summary

Federal Reserve (Fed) raised interest rates after Federal Open Market Committee voted unanimously on Wednesday, September 16.
Fed Chair Kevin Warsh warned that inflation has not improved and another hike may come in late October.
U.S. President Donald Trump claimed rates should be much lower because the U.S. economy is booming.
A New York Times/Siena poll found 75% rate the economy fair or poor, 73% disapprove Trump’s cost-of-living handling.