The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation and the central bank also signaled that another rate hike could occur later this year.

US President Donald Trump on Wednesday leveled his most pointed — though still indirect — criticism yet at his hand-picked Federal Reserve chief, fuming on social media over the central bank's move to...

Federal Reserve Chair Kevin Warsh announces a hike in interest rates, defying pressure from President Trump.