Chair Kevin Warsh announces Federal Reserve's first interest rate hike in three years, bucking Trump

Federal Reserve Chair Kevin Warsh delivered remarks Wednesday afternoon after the central bank opted to raise interest rates by 0.25 percent to tame inflation amid the Iran war. The Federal Open Market Committee voted unanimously to increase the rate to a range of 3.75 to 4 percent, its first hike in over three years — and the first time in nearly a year the figure touched 4 percent. #FederalReserve #Warsh #Fed #InterestRate #Inflation