US Federal Reserve hikes interest rates for the first time in three years
The US central bank raised its benchmark rate by .25 percent, with new Fed Chair Kevin Warsh defying President Donald Trump's desire for lower rates. Consumer banks and bond markets react. Also, OpenAI reveals new incidents of AI misconduct as fears grow that the technology could escape human contro
Covered by 2 sources ·
Every side
-
France 24
The US central bank raised its benchmark rate by .25 percent, with new Fed Chair Kevin Warsh defying President Donald Trump's desire for lower rates. Consumer banks and bond markets react. Also, OpenAI reveals new incidents of AI misconduct as fears grow that the technology could
-
BBC News
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.