Fed Hikes Interest Rates for Fourth Time This Year, Despite Trump’s Objections

Powell’s challenge has been to make it clear that the Fed’s decision was data driven and not due to any deference to the political establishment.
The Federal Reserve on Wednesday hiked the nation’s benchmark borrowing rate by 0.25 percent for the fourth time this year, despite months of objections from President Donald Trump, who fears higher interest rates will take the steam out of the nation’s booming economy.

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