Business & Finance
US Federal Reserve hikes interest rates for the first time in three years
Key Points
US Federal Reserve hikes interest rates for the first time in three years Business Issued on: 06:57 min From the show Reading The US central bank raised its benchmark rate by .25 percent, with new Fed Chair Kevin Warsh defying President Donald Trump's desire for lower rates. Consumer banks and bond markets react.
US Federal Reserve hikes interest rates for the first time in three years
Business
Issued on:
06:57 min
From the show
Reading time
1 min
The US central bank raised its benchmark rate by .25 percent, with new Fed Chair Kevin Warsh defying President Donald Trump's desire for lower rates. Consumer banks and bond markets react. Also, OpenAI reveals new incidents of AI misconduct as fears grow that the technology could escape human control.
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