(The Center Square) – The Federal Reserve raised interest rates for the first time in three years Wednesday, a move intended to reduce inflation — but whether the central bank raises them again could hinge largely on President Donald Trump’s policies, according to economists.

The president decried the quarter-percentage-point increase, again calling for the central bank to lower interest rates at their next meeting. The increase brought the central bank’s benchmark interest-rate range from 3.5%-3.75% to 3.75%-4% and has left many wondering whether it is the first in a series of rate hikes, as Federal Reserve Chair Kevin Warsh has emphasized that reducing inflation is a top priority.

Originally published on thecentersquare.com, part of the BLOX Digital Content Exchange.

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