Originally published by 12 News KPNX View Original Article

Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut

11h ago | 12 News KPNX | By 12 News KPNX

The rate hike is a surprising turnaround for Fed Chair Kevin Warsh, who was appointed by President Trump and took over the top job in May.