Fed Unanimously Hikes Rates; Trump Demands Cuts, Isolated

The Federal Reserve unanimously raised its benchmark rate, directly defying President Trump's demands for lower borrowing costs. Trump has publicly criticized the Fed's actions, specifically excluding Chairman Kevin Warsh from direct attack while reiterating demands for a rate cut, suggesting a potential political strategy to isolate Warsh. The extent of Trump's pressure on Warsh and its impact on future Fed policy remain uncertain.