Federal Reserve chair Kevin Warsh at a news conference on September 16, 2026. | Andrew Harnik/Getty Images This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: President Donald Trump’s Fed gambit has officially failed. What happened? On Wednesday, the Federal Reserve voted to raise interest rates by a quarter of a percent, citing ongoing inflation. The rate hike was widely expected, and normally it would be largely unremarkable (at l...
Trump’s failed Fed takeover
HALO Newsroom
Sep 16, 2026 • 6 hours ago
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