Global Capital

The FOMC hikes rates 25bp in a unanimous 12-0 vote, the first hike since 2023, despite the multi-week administration pressure campaign this thread has tracked

2026-09-16 · part of Fed Independence Fight

What happened

The FOMC voted unanimously (12-0) on 2026-09-16 to raise its target rate 25 basis points to 3.75-4%, the first hike since 2023, with the dot plot showing 16 of 18 participants expecting at least one further hike this year (Warsh, as Chair, does not submit a dot). The vote's unanimity is itself the headline for this thread: after weeks of public pressure from the president, vice president, Treasury secretary and Peter Navarro urging cuts (logged here 2026-09-05), and against speculation that Governor Christopher Waller might dissent, no governor broke ranks — the composition lever this thread tracks did not visibly move the outcome at this meeting. CNBC's own post-decision framing was pointed: "How Trump could reignite the Fed independence fight after Warsh's rate hike." Bloomberg headlined it as putting "Trump and Warsh on collision course." Warsh said at the press conference that inflation has been "too high... for too long." (CNBC, Bloomberg)

Sources 2

CNBC cnbc.com high 0.85
Bloomberg bloomberg.com high 0.84 disputed / split

Credibility ratings combine two public datasets: Lin et al. 2023, PNAS Nexus 2(9):pgad286 (CC BY 4.0) for the domain-quality score, and Wikipedia's perennial-sources list (CC BY-SA 4.0) for the reliability tier. A rating describes an outlet's general record, never this particular article. Unrated means absent from those datasets — not a judgement.

The wider story

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