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 SugiuraSee <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

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