New York Times: The decision, which lifts rates to a new range of 3.75 to 4 percent, was supported by all 12 members of the Federal Open Market Committee.
“The plain fact is that inflation is too high and has been for too long,” Mr. Warsh said at a news conference after the decision was announced. He added that the U.S. economy remained strong and unemployment was low, justifying the Fed removing what he described as a “dose of accommodation.”…