Fed’s unanimous 25-basis-point rate hike draws attention from ECB’s Olli Rehn

European Central Bank Governing Council member Olli Rehn emphasized the significance of the Federal Reserve’s unanimous decision to raise interest rates by 25 basis points. He said the complete consensus among policymakers was critically important when assessing the move. The Federal Open Market Committee voted 12-0, marking the Federal Reserve’s first rate increase in three years and underscoring alignment within the U.S. central bank as it adjusts monetary policy.