The Federal Open Market Committee on Wednesday voted unanimously to raise interest rates by a quarter percentage point, the first increase since 2023.

So ​our predominant focus is on the price stability ​side of ​our mandate. Plain fact ‌is ⁠that inflation is too high, and has been ​for ​too ⁠long.

Given the range of views expressed by policymakers in recent weeks, there was widespread speculation that at least one voter would dissent, with much of the speculation centered on Governor Christophe...