Fed Raises Rates as Warsh Bucks Trump to Contain Inflation, Future Proof Day Two

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The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump. Following the US central bank’s first rate increase since July 2023, Warsh restated his concerns over inflation, saying too many categories of products and services were showing annualized price gains above 3% on a 6- and 12-month basis.

On today's episode, Carol Massar and Tim Stenovec come to you live from Future Proof in Huntington, California:

• Michael McKee, Bloomberg News International Economics & Policy Correspondent
• Stephanie Aliaga, Global Market Strategist at JPMorgan Asset Management
• Manju Boraiah, Head of Systematic Fixed Income & Custom SMA Portfolio Management at Allspring Global Investments
• Tracy Alloway and Joe Weisenthal, Co-Hosts of Bloomberg's Odd Lots Podcast

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