US Federal Reserve defies Trump with interest rate hike

The US Federal Reserve has raised its key interest rates for the first time in three years, as it seeks to bring down high inflation. The policy decision sets up a potential confrontation between Chairman Kevin Warsh and President Donald Trump, who has repeatedly called on the central bank to cut interest rates. Also in the show – France extends fuel subsidies as fishermens’ protests gather momentum, and Hong Kong seeks to fall in line with Beijing’s economic vision.