Fed Chair Warns Inflation Not Sufficiently Tamed Amid Rate Hike

The U.S. Federal Reserve has raised its benchmark interest rate for the first time since 2023 as it assesses that inflation remains insufficiently subdued despite a stronger-than-expected economic trajectory.

Fed Chair Kevin Warsh emphasized the central bank would not commit to further rate hikes based on individual data points but rather monitor trends, rejecting forward guidance on additional increases.