The Federal Reserve raised interest rates in a rare unanimous vote, defying calls from the White House for a reduction. The move marks a sharp contrast with the administration’s push for monetary easing amid economic uncertainty. Analysts are weighing whether the decision signals confidence in growth or a precautionary stance against inflation. The split between monetary policy and political pressure highlights ongoing tensions over economic strategy.
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
