The Fed Strikes Back: A Timely but Troubling Interest Rate Hike The Federal Reserve's decision to raise interest rates for the first time since 2023 is a stark reminder that the US economy remains stuck in a high inflation rut.
Despite promises of growth and prosperity, inflation has persisted, and Chair Kevin Warsh led FOMC's quarter point increase reflects this reality.
The Fed's justification for the hike is rooted in its dual mandate of price stability and full employment.