The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF (http://bit.ly/3vTiACF) The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump. Following the US central bank’s first rate increase since July 2023, Warsh restated his concerns over inflation, saying too many categories of products and services were showing annualized price gains above 3% on a 6- and 12-month basis. On today's episode, Carol Massar and Tim Stenovec come to you live from Future Proof in Huntington, California: Michael McKee, Bloomberg News International Economics & Policy Correspondent Stephanie Aliaga, Global Market Strategist at JPMorgan Asset Management Manju Boraiah, Head of Systematic Fixed Income & Custom SMA Portfolio Management at Allspring Global Investments Tracy Alloway and Joe Weisenthal, Co-Hosts of Bloomberg's Odd Lots Podcast See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of Bloomberg Businessweek: https://youtube.com/playlist?list=PLe4PRejZgr0NDtGW4nghKtCxl6SCdFJfq #Bloomberg #Podcast #News #Businessweek Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video