What smart people in business and economics are saying about the Fed interest rate hike

The Fed raised rates by a quarter point, its first hike in three years, and declined to comment on what's coming next. FOMC The Fed raised rates by a quarter point, its first hike in three years. Fed Chair Kevin Warsh said the move would not immediately lower individual prices. Here is what economists and analysts say could come next. Markets and analysts are abuzz over the first Fed interest-rate hike since the second Trump administration. On Wednesday, the Federal Reserve raised rates by a quarter point, its first hike in three years, as officials sought to curb inflation. Kevin Warsh, the Federal Reserve Chair, said that the move would not immediately bring down individual prices, meaning Americans could still feel pressure at grocery stores and gas pumps. Warsh declined to say whether more hikes were coming and rejected the idea of forward guidance. Instead, he said future decisions would depend on incoming economic data, and said outside pressures do not drive decisions by the Federal Open Market Committee. Here's what smart people in economics and finance are saying about the Fed's latest rate hike, and where interest rates could go next. Justin Wolfers, professor of public p