# Fed Hikes Rates, Trump Pushes Back

> Fed raises rates for first time in three years as Trump demands cuts.
- Title: Fed Hikes Rates, Trump Pushes Back · New York Post | Shortify
- Summary: Fed raises rates for first time in three years as Trump demands cuts. The Fed increased interest rates to 3.75%-4% to combat inflation, drawing criticism…
- Keywords: fed, interest rates, inflation, trump, dow jones, treasury yields, nfl, news, entertainment, Hikes, Rates, Pushes
- Source: New York Post — https://nypost.com/2026/09/16/business/fed-hikes-interest-rates-for-first-time-since-2023-in-bid-to-tamp-down-inflation
- Published: 2026-09-16T18:02:32+00:00
- Read time: 1 min
- Topics: fed, interest rates, inflation, trump, dow jones, treasury yields, nfl, news, entertainment
## Rate Hike Announcement
The Federal Reserve raised rates by a quarter point to 3.75% to 4%.
## Trump's Rebuke
Trump wrote on Truth Social that rates should be 1% or less.
## Warsh's Stance
Warsh said inflation is too high and the move shows seriousness.

> The plain fact is that inflation is too high and has been for too long.
## Market Reaction
Dow Jones dropped 633 points after the Fed decision.
## Investor Concerns
12 of 18 Fed officials expect one more rate hike this year.
## Future Hikes
A second rate hike before November could anger Trump.
## Key takeaway

The Fed increased interest rates to 3.75%-4% to combat inflation, drawing criticism from Trump who called for rates to drop to 1%.