WASHINGTON, D.C.: The US Federal Reserve on Wednesday (Thursday in Manila) raised the benchmark interest rate a quarter point, amid rising inflation, the second increase since President Donald Trump’s election and only the third in a decade.

But Fed Chair Janet Yellen said policymakers had not yet discussed how the new president’s policies might impact the economy and the pace of future rate hikes, nor did she give any indication the central bank might raise rates more quickly.

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