Fed Hikes, Defying Trump’s Calls to Lower Rates

Good morning. The Federal Reserve raises rates to curb inflation, defying Donald Trump’s call for lower borrowing costs. OpenAI shares incidents of its AI models misbehaving. And European chips may be at risk from a bad potato crop. Listen to the day’s top stories.

Trump slams the Fed rate hike, says he told Warsh 'you might as well vote with the board'

President Trump reacted to Wednesday's interest rate increase by saying rates "in the United States should be 1%, or less."

Warsh Declines to Comment on Talks with Trump

Fed Chairman Kevin Warsh declined to talk about how he might explain the central bank's rate increase to President Trump, who feuded with previous Fed Chair Jerome Powell over Trump's demands for lower borrowing costs.

Morning Bid: Warsh on collision course with Trump administration

A look at the day ahead in European and global markets from Gregor Stuart Hunter Federal Reserve Chair Kevin Warsh is likely to come out of Wednesday's policy decision bruised one way or another. If he stands pat,
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Hassett: White House Will '100% Support' Warsh for Whatever Rate Decision

Hassett: White House Will '100% Support' Warsh for Whatever Rate Decision
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Bitcoin Price Prediction as Investors De-risk Amid a Looming Trump-Warsh Clash Over Rate Hikes

Bitcoin (BTC) price could post volatile moves ahead of a potential rate hike during the Federal Open Market Committee (FOMC) meeting on September 15-16.