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Trump’s Reshaped Fed Leaning Toward Interest Rate Hikes
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May 20, 2026
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2:39Now PlayingA majority of Federal Reserve officials warned that interest rate increases could be on the way if inflation remains above target levels, as a new policymaking board chaired by President Donald Trump’s nominee Kevin Warsh appears less likely to cut rates, according to minutes from the Federal Open Market Committee’s April meeting released Wednesday.
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