NewsHK
The question of whether executive pressure can redirect the Federal Reserve's rate path rarely arrives with this much clarity.
The Fed voted unanimously to raise interest rates by a quarter point despite President Donald Trump's repeated public calls for lower rates.
The decision is tied to Kevin Warsh and could reignite a broader fight over central bank independence. A unanimous vote carries specific weight.
No member of the committee broke ranks, a signal that the Fed presented a united front even against direct and persistent pressure from the White House.
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