{"id":61100,"date":"2026-09-19T22:05:41","date_gmt":"2026-09-19T22:05:41","guid":{"rendered":"https:\/\/news.godj.com\/news\/why-trumps-hand-picked-fed-chair-defied-him-by-raising-interest-rates\/"},"modified":"2026-09-19T22:05:41","modified_gmt":"2026-09-19T22:05:41","slug":"why-trumps-hand-picked-fed-chair-defied-him-by-raising-interest-rates","status":"publish","type":"post","link":"https:\/\/news.godj.com\/news\/why-trumps-hand-picked-fed-chair-defied-him-by-raising-interest-rates\/","title":{"rendered":"Why Trump&#8217;s hand-picked Fed chair defied him by raising interest rates"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">US interest rates have been raised for the first time in more than three years to 3.75%-4% from 3.5%-3.75% by the Federal Reserve. Fed Chair Kevin Warsh warned they could be increased further later this year in a bid to slow rising prices.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The increase comes despite fierce opposition from President Donald Trump, who had called for rates to be cut.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The president on Wednesday accused top Federal Reserve policymakers of acting against him for political reasons.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><i class=\"ssrcss-xbdn93-ItalicText e5tfeyi2\">Video by Mabel Pickering<\/i><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/videos\/c54g7wg1l3d3o?at_medium=RSS&#038;at_campaign=rss\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US interest rates have been raised for the first time in more than three years to 3.75%-4% from 3.5%-3.75% by the Federal Reserve. Fed Chair Kevin Warsh warned they could be increased further later this year in a bid to slow rising prices. The increase comes despite fierce opposition from President Donald Trump, who had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[1907,13640,4264,16796,1380,1814,1381,4335],"class_list":["post-61100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-chair","tag-defied","tag-fed","tag-handpicked","tag-interest","tag-raising","tag-rates","tag-trumps"],"_links":{"self":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/61100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/comments?post=61100"}],"version-history":[{"count":1,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/61100\/revisions"}],"predecessor-version":[{"id":61102,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/61100\/revisions\/61102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media\/61101"}],"wp:attachment":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media?parent=61100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/categories?post=61100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/tags?post=61100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}