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“Fed Chairman Kevin Warsh has spent years arguing that the central bank’s balance sheet became too big after the 2008 financial crisis.”

“…xpected, the dozen members of the Federal Open Market Committee – the arm of the US central bank that sets monetary policy for the world’s largest and most important economy – pushed its key interest rate up by a quarter percentage point to 3.75 to 4 per…”

“The relatively muted reaction from markets may have been an expression of mild relief that the central bank isn’t beholden to political pressure from the Executive branch, which has been pushing for an interest rate cut since Trump took office in January 2025.”

“Reserve Bank deputy governor Andrew Hauser says the inflation outlook is "materially worse" than the RBA had forecast, raising the prospect of another interest rate hike as soon as November.”

“Last month, the central bank raised its benchmark interest rate by 25 basis points to a range of 3.75%-4.00%—its first hike in three years—and indicated further borrowing-cost increases in the coming months.”

“As the Iran war continued — and central banks worldwide began raising rates — members began favoring a hike, with three members wanting a quarter-point hike.”

“I've been in a running debate with fellow ABC economics nerd David Taylor about what the Reserve Bank will do with interest rates on September 29: to hike or hold?”

“As economists warned of a new post-Covid era of structurally higher interest rates, financial markets upped their bets that the Reserve Bank of Australia would deliver a fourth rate hike on 29 September, pricing in an 80% chance.”