Skip to content
The San Antonio

Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

Federal Reserve is expected to raise its benchmark rate, defying Trump's demands
Photo: KSAT 12 (ABC affiliate) · view original

The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump's support for a cut. A quarter-point increase in the Fed's rate,...

Sources and story details