October 3, 2026

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Why Trump's hand-picked Fed chair defied him by raising interest rates

Business BBC Business
Image: BBC Business

The 0.25% increase comes despite fierce opposition from the US president, who has called for rates to be cut.

BBC Business reported this story. Read the full report on bbc.co.uk →

This is a short summary. BBC Business wrote and published the full report.

Continue on bbc.co.uk →

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