Fed Raises Rates as Warsh Bucks Trump to Contain Inflation The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: 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: 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 Chapters: 00:00:24 - Mike McKee, Bloomberg TV & Radio International Economics & Policy Correspondent 00:08:22 - Stephanie Aliaga, Global Market Strategist, JPM Asset Management 00:17:27 - Manju Boraiah, Senior PM and Head of Systematic Fixed Income, and Head of Custom SMA Portfolio Management, Allspring Global Investments 00:29:47 - Tracy Alloway and Joe Weisenthal, Co-Hosts, Bloomberg's Odd Lots Podcast -------- Get more on the Bloomberg Businessweek Podcast On Apple: http://bit.ly/3IPl60i On Spotify: http://bit.ly/3WGFd6B Anywhere: http://bit.ly/42xo9kZ Follow us on X: https://twitter.com/BloombergRadio Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake