The Federal Reserve raised interest rates by 25 basis points today and indicated another hike could come later this year. Chair Kevin Warsh had telegraphed the move, putting him on a collision course with President Donald Trump.

Today on the Big Take, Bloomberg Opinion’s John Authers and Fed reporter Maria Eloisa Capurro join David Gura to discuss why a “no forward guidance” Fed chair showed his hand so early and what it means for the markets and the midterms. 

Read more: Fed Raises Rates as Warsh Bucks Trump to Contain Inflation

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Hosted by David Gura; Guests: John Authers, Maria Eloisa Capurro; Produced by Rachael Lewis-Krisky; Edited by Naomi Shavin; Mixed by Alex Sugiura

The Federal Reserve raised interest rates by 25 basis points today and indicated another hike could come later this year. Chair Kevin Warsh had telegraphed the move, putting him on a collision course with President Donald Trump.
Today on the Big Take, Bloomberg Opinion&rsquo;s John Authers and Fed reporter Maria Eloisa Capurro join David Gura to discuss why a &ldquo;no forward guidance&rdquo; Fed chair showed his hand so early and what it means for the markets and the midterms.&nbsp;
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-09-16/fed-raises-rates-as-warsh-bucks-trump-to-contain-inflation?srnd=homepage-americas">Fed Raises Rates as Warsh Bucks Trump to Contain Inflation</a>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by David Gura; Guests: John Authers, Maria Eloisa Capurro; Produced by Rachael Lewis-Krisky; Edited by Naomi Shavin; Mixed by Alex Sugiura

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Why the Federal Reserve Raised Interest Rates

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ad4fd117-c5cf-47ca-addd-b4c70174c9de/transcript