In a move likely to draw the ire of President Trump, inflation concerns compelled the Federal Reserve to hold its target rate at 3.75% to 4% following September’s quarter-point hike — and two members voted to raise it again. +

All 12 governors of the Federal Reserve’s Open Market Committee voted to raise their target lending rate by one-quarter of a point to temper inflation. +

Three Federal Reserve governors voted to lower interest rates despite persistently elevated inflation in Kevin Warsh’s second meeting as chairman. +

Kevin Warsh joined a unanimous vote to hold the Federal Reserve’s target lending rate at 3.5% to 3.75% and warned inflation could force an increase. +