Live updates: Fed raises interest rates; House plows through work to recess a day early

Politics The Hill By The Hill staff 16 Sep 2026 18:03 1 min read
Live updates: Fed raises interest rates; House plows through work to recess a day early

The Federal Reserve Open Market Committee unanimously raised interest rates by a quarter-point on Wednesday, noting "inflation remains elevated." Fed Chair Kevin Warsh will speak to the increase at a press conference shortly. House Republican leaders are cutting short the final legislative week before the midterm elections, announcing Wednesday that lawmakers will leave Washington after...

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