Fed Chair Kevin Warsh raised interest rates for the first time in three years despite Trump's pressure for cuts, citing persistent inflation. Meanwhile, Saudi Arabia's oil output plummeted 44% as Houthi attacks and regional conflict drive global fuel prices up 50%, sparking protests worldwide. The EU proposes making Canada an associate member, prompting Trump to threaten heavy tariffs on Europe. The Federal Reserve unanimously raised benchmark interest rates by 0.25% to combat five years of above-target inflation, despite presidential pressure to lower rates and maintain Fed independence.