Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Sep 17, 2026

Fed Raises Rates in First Major Step by Warsh to Contain Inflation

The Federal Reserve’s first increase to interest rates since July 2023 comes less than two months before the midterm elections.

Sep 17, 2026

Peter Navarro says Fed's rate raise is 'a bad decision'

White House adviser Peter Navarro on Wednesday blasted the Federal Reserve's move to raise interest rates in several years, calling it "a bad decision." The central bank’s Federal Open Market Committee (FOMC), led by Fed Chair Kevin Warsh, voted unanimously to increase the central bank’s benchmark interest rate to a range of 3.75 percent to 4 percent. Warsh...

Sep 17, 2026

Trump’s Latest Threats Loom Over Fed’s Interest Rate Decision

This month, the president threatened to halt a broad swath of trade if interest rates were not cut, a possibility he resurfaced on Wednesday.

Sep 16, 2026

Trump blames Fed board, not Warsh, for rate hikes

President Trump on Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. “I'm relying on Kevin, but he's got a very tough board,” Trump told reporters after landing in North Carolina. “He's got a board that was put there by a lot of other people.” “I told Kevin,...

Sep 16, 2026

Trump donor Harold Hamm's oil company announces Venezuela deal

Trump donor Harold Hamm’s oil company Continental Resources announced a deal Wednesday to drill in Venezuela. Continental signed a memorandum of understanding with Venezuela’s state-run oil company that would allow it to operate in a 126,000 acre-area of the oil-rich Orinoco Belt, according to a press release. "Continental was built to recognize great resource opportunities and...

Sep 16, 2026

Republicans clash on Senate floor over AI kill switch

Sen. Rand Paul (R-Ky.) on Wednesday blocked a request by Sen. John Kennedy (R-La.) to pass legislation that would require tech companies to develop a “kill switch” for superintelligent AI amid fears that it could spin out of control and pose an existential threat to humanity. Paul argued that an “open-ended” government mandate to implement...

Sep 16, 2026

Warsh says Fed cares 'very much' about AI developments

Federal Reserve Chair Kevin Warsh said Wednesday the central bank is keeping tabs on rapidly developing artificial intelligence (AI) models. “We care very much about what's happening in artificial intelligence,” Warsh told reporters, after the Federal Open Market Committee raised interest rates by a quarter point. The Fed chair noted he is interested in how...

Sep 16, 2026

Warsh says Fed cares 'very much' about AI developments

Federal Reserve Chair Kevin Warsh said Wednesday the central bank is keeping tabs on rapidly developing artificial intelligence (AI) models. “We care very much about what's happening in artificial intelligence,” Warsh told reporters, after the Federal Open Market Committee raised interest rates by a quarter point. The Fed chair noted he is interested in how...

Sep 16, 2026

Trump offers fiery response to Federal Reserve rate hike

President Trump offered a fiery response to the Federal Reserve’s decision to hike interest rates on Wednesday, demanding instead that rates be drastically lowered quickly. "Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR. Our Country is BOOMING with new Investment!”...

Sep 16, 2026

More Americans say AI will hurt the environment than help it: Poll

More Americans believe AI will have negative environmental impacts on the upcoming decade than those who think the technology will help the environment, a poll released Wednesday found. In the newly published survey from The Associated Press/NORC Center for Public Affairs Research, 47 percent of respondents predicted AI will do “more to hurt” the environment...

Sep 16, 2026

Takeaways From the Fed’s Decision to Raise Interest Rates

Kevin M. Warsh, the Federal Reserve chairman, said the bank acted to fight inflation that ‘is too high and has been for too long.’

Sep 16, 2026

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.

Sep 16, 2026

Zuckerberg: AI companies incentivized toward safety

Meta CEO Mark Zuckerberg on Tuesday argued that artificial intelligence (AI) companies are incentivized toward safety when it comes to the timing of crafting their models and that external pressure is not needed to keep to that timeline. “Every lab has the responsibility and incentive to move at the pace required to train its models...

Sep 16, 2026

Zuckerberg: AI companies incentivized toward safety

Meta CEO Mark Zuckerberg on Tuesday argued that artificial intelligence (AI) companies are incentivized toward safety when it comes to the timing of crafting their models and that external pressure is not needed to keep to that timeline. “Every lab has the responsibility and incentive to move at the pace required to train its models...

Sep 16, 2026

Fed hikes interest rates by quarter point

The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the...

Sep 16, 2026

Hackers rip down Flock camera, steal its data, share findings with media

A group of hackers ripped down a Flock camera and stole its data, finding that the cameras’ software can generate dozens of images from a single passing vehicle to develop its signature. The group, called stegan0gram, shared findings with Wired and 404 Media, who ran a joint investigation. The outlets found that in a 21-day...

Sep 16, 2026

Vance to AI leaders: 'If you're building Frankenstein, stop'

Vice President Vance weighed in on the ongoing AI safety debate Tuesday, pressing those behind the technology to be careful. “The president, I think, is very rightly asking the question, why is it that the people who are at the frontier of the AI economy are throwing up their hands and saying, 'Well, we've built...

Sep 16, 2026

Vance to AI leaders: 'If you're building Frankenstein, stop'

Vice President Vance weighed in on the ongoing AI safety debate Tuesday, pressing those behind the technology to be careful. “The president, I think, is very rightly asking the question, why is it that the people who are at the frontier of the AI economy are throwing up their hands and saying, 'Well, we've built...

Sep 16, 2026

Minneapolis driverless car ordinance would require human monitors

The proposal would require autonomous vehicle companies to put a paid "safety monitor" in the driver's seat of every car.

Sep 16, 2026

'You can't trust anything' from Anthropic, OpenAI leaders, lawyer says

Attorney Jay Edelson slammed the heads of the leading artificial intelligence companies Tuesday, declaring “you can’t trust anything” they say. Appearing on News Nation with Leland Vittert, Edelson – who is currently leading lawsuits against OpenAI, Anthropic and other major technology companies – was asked if he had ever seen leaders within an industry abdicate...

Sep 16, 2026

Amazon increases minimum starting pay, adds new discount for employees

The move bumps the company's average hourly wage to almost $24 an hour.

Sep 16, 2026

Senate Republican on Trump claim AI threat is 'hoax': 'Come on'

Sen. Thom Tillis (R-N.C.) on Tuesday criticized President Trump’s dismissal of rising concerns about the dangers of artificial intelligence technology. “Come on, it’s not a hoax. It’s a real thing,” Tillis, who is not running for reelection, told reporters at the Capitol. “This is something that I’ve spent a lot of my professional career in,...

Sep 16, 2026

EU chief wants Canada as bloc's first associate member

European Commission President Ursula von der Leyen said Wednesday she wants Canada to join the European Union as an associate member, as the North American nation is embroiled in a trade war with the U.S. “I would like to work with you on opening the door for Canada to being the first associate member of...

Sep 16, 2026

Federal employees were paid nearly $7B not to work under DOGE effort: GAO

The Trump administration paid outgoing employees an estimated nearly $7 billion to not work as it encouraged them to leave the federal service, a government watchdog found in a Tuesday report. Federal workers' use of paid leave increased 435 percent under the first two years of the Trump administration, a dynamic the Government Accountability Office...

Sep 16, 2026

Almost 3 in 4 teachers want screen time limits in schools: Gallup

A new Gallup poll highlights teachers' mixed feelings toward devices in schools, but ultimately most say they would like to see some limits on how much screen time students receive in classrooms. Seventy-three percent of teachers say they strongly or somewhat support setting a maximum amount of time a student can spend using devices...

Sep 16, 2026

Sanders: 'Embarrassing' how 'ignorant' Trump is on AI

Sen. Bernie Sanders (I-Vt.) went after President Trump on the issue of AI, saying he has a lack of knowledge around its risks. “Look, it is embarrassing, really, I think, going beyond politics, how ignorant this president is about the dangers of AI,” Sanders told MS NOW’s Akayla Gardner in a clip posted Tuesday on...

Sep 16, 2026

Weingarten weighs in on AI: 'The robots can't be in charge'

The president of one of the biggest teachers unions in the country has come out with a cautionary warning on AI in schools, emphasizing the need for learning before students are exposed to the technology. “So, you know, from an education and a people perspective, the human beings have to be in charge of...

Sep 16, 2026

63 percent believe AI could destroy humanity: Survey

A majority of Americans are concerned that artificial intelligence poses grave risks to the future of humanity, according to a new poll released on Wednesday. The POLITICO survey found that 63 percent of U.S. adults believe this technology could someday destroy mankind. Twenty-six percent of respondents said there was only a “moderate risk” of this...

Sep 16, 2026

AI build-out propels tech firms to top of US investment ranking: Study

The rapid build-out of artificial intelligence infrastructure is making technology firms some of the top capital investors in the U.S., according to new research shared first with The Hill. The report, to be published by the Progressive Policy Institute (PPI) on Wednesday, found tech firms Amazon, Alphabet, Meta and Microsoft invested more than half —...

Sep 16, 2026

EU chief proposes bloc-wide social media ban for kids under 13

BRUSSELS (AP) — The European Union's top official proposed on Wednesday banning children under 13 across the 27-nation bloc from using social media sites and imposing limits for older teens on accessing the platforms. The plan outlined by European Commission President Ursula von der Leyen adds to global efforts to protect young people using platforms...

Sep 16, 2026

Warsh under pressure as Fed considers rate hike

Federal Reserve Chair Kevin Warsh finds himself in a tricky position as the central bank commences its September meeting, as rising expectations of an interest rate hike clash with President Trump’s demands for cuts. Warsh gave himself wiggle room for a rate hike in late August, saying the central bank had “work to do” if underlying inflation was not moving toward its 2 percent target. But Trump, who...

Sep 16, 2026

Lawmakers scramble to catch up on AI

Washington is scrambling to manage the abrupt panic around AI development, but party politics, a limited legislative window and lack of consensus makes it an uphill, next-to-impossible task. In the wake of a researcher’s viral warning about the technology, lawmakers on both sides of the aisle are floating numerous proposals to prevent the negative potential...

Sep 15, 2026

Benchmark bond yield reaches highest level in nearly 20 years

The yield on the 10-year U.S. Treasury bond reached its highest point since before the 2008 financial crisis on Tuesday, portending increased borrowing costs for millions of Americans. The 10-year Treasury bond yield peaked at 5.041 percent Tuesday morning, the note’s highest intraday mark since July 2007. The note closed at above 5 percent for...

Sep 15, 2026

Bessent Defends Faltering Bond Market Intervention

Testifying before Congress, the Treasury secretary said that he supported giving Americans $5,000 dividends if Republicans win in November.

Sep 15, 2026

Bessent grilled on AI, bond market in tense House hearing: 3 takeaways

Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on...

Sep 15, 2026

Bessent grilled on AI, bond market in tense House hearing: 3 takeaways

Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on...

Sep 15, 2026

Poverty Rate Was Stable Before Trump’s Safety Net Cuts Gained Force

Median household income rose to a record $87,460 in 2025, according to annual Census Bureau data on the financial well-being of Americans.

Sep 15, 2026

'Real Housewives of Salt Lake City' star says show to feature her Capitol Hill advocacy work

Capitol Hill could soon be playing a supporting role on "The Real Housewives of Salt Lake City," after one of its stars, Angie Katsanevas, says she filmed some of her advocacy work in the nation's capital for the show. "We did film some [of the time] that I spent here in D.C. working with the...

Sep 15, 2026

Crypto bill falls short in early hurdle on Senate floor

A cryptocurrency regulation bill failed to advance on the Senate floor Tuesday, after all Democrats and a few Republicans blocked a procedural vote. The Senate voted 49-50 on a motion to proceed with consideration of the Clarity Act, failing to reach the required 60-vote threshold. It marks a major setback for the industry, which has long pushed for the measure setting up a regulatory...

Sep 15, 2026

Crypto bill falls short in early hurdle on Senate floor

A cryptocurrency regulation bill failed to advance on the Senate floor Tuesday, after all Democrats and a few Republicans blocked a procedural vote. The Senate voted 49-50 on a motion to proceed with consideration of the Clarity Act, failing to reach the required 60-vote threshold. It marks a major setback for the industry, which has long pushed for the measure setting up a regulatory...

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

More News

Fed Raises Rates in First Major Step by Warsh to Contain Inflation

Peter Navarro says Fed's rate raise is 'a bad decision'

Trump’s Latest Threats Loom Over Fed’s Interest Rate Decision

Trump blames Fed board, not Warsh, for rate hikes

Trump donor Harold Hamm's oil company announces Venezuela deal

Republicans clash on Senate floor over AI kill switch

Warsh says Fed cares 'very much' about AI developments

Warsh says Fed cares 'very much' about AI developments

Trump offers fiery response to Federal Reserve rate hike

More Americans say AI will hurt the environment than help it: Poll

Takeaways From the Fed’s Decision to Raise Interest Rates

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Zuckerberg: AI companies incentivized toward safety

Zuckerberg: AI companies incentivized toward safety

Fed hikes interest rates by quarter point

Hackers rip down Flock camera, steal its data, share findings with media

Vance to AI leaders: 'If you're building Frankenstein, stop'

Vance to AI leaders: 'If you're building Frankenstein, stop'

Minneapolis driverless car ordinance would require human monitors

'You can't trust anything' from Anthropic, OpenAI leaders, lawyer says

Amazon increases minimum starting pay, adds new discount for employees

Senate Republican on Trump claim AI threat is 'hoax': 'Come on'

EU chief wants Canada as bloc's first associate member

Federal employees were paid nearly $7B not to work under DOGE effort: GAO

Almost 3 in 4 teachers want screen time limits in schools: Gallup

Sanders: 'Embarrassing' how 'ignorant' Trump is on AI

Weingarten weighs in on AI: 'The robots can't be in charge'

63 percent believe AI could destroy humanity: Survey

AI build-out propels tech firms to top of US investment ranking: Study

EU chief proposes bloc-wide social media ban for kids under 13

Warsh under pressure as Fed considers rate hike

Lawmakers scramble to catch up on AI

Benchmark bond yield reaches highest level in nearly 20 years

Bessent Defends Faltering Bond Market Intervention

Bessent grilled on AI, bond market in tense House hearing: 3 takeaways

Bessent grilled on AI, bond market in tense House hearing: 3 takeaways

Poverty Rate Was Stable Before Trump’s Safety Net Cuts Gained Force

'Real Housewives of Salt Lake City' star says show to feature her Capitol Hill advocacy work

Crypto bill falls short in early hurdle on Senate floor

Crypto bill falls short in early hurdle on Senate floor

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