The Federal Reserve has increased its benchmark interest rates for the first time in three years, a move aimed at curbing persistent inflation. This policy decision creates a direct potential conflict with President Donald Trump, who has frequently pressured the central bank to lower borrowing costs.
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Trump always demanding cuts is predictable. I just hope inflation actually cools down this time.
How will this affect mortgage rates? That is what keeps me up at night.
Independent central banks are supposed to ignore political pressure. Good for the Fed.