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Federal Reserve hikes interest rates to fight inflation

The Hill · 2026-09-16

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<meta name="sailthru.title" content="Fed hikes interest rates by quarter point" />
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<meta name="sailthru.description" content="The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank&rsquo;s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank&rsquo;s benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the&hellip;" />
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{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Fed hikes interest rates by quarter point","description":"The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank&rsquo;s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank&rsquo;s benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the&hellip;","datePublished":"2026-09-16T18:01:44+00:00","dateModified":"2026-09-16T21:00:33+00:00","url":"https:\/\/thehill.com\/business\/6093135-fed-raises-interest-rates\/","mainEntityOfPage":{"@type":"WebPage","@id":"https:\/\/thehill.com\/business\/6093135-fed-raises-interest-rates\/"},"publisher":{"@type":"Organization","name":"The Hill","logo":{"@type":"ImageObject","url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/03\/cropped-favicon-512px-1.png","width":512,"height":512}},"author":[{"@type":"Person","name":"Julia Shapero","url":"https:\/\/thehill.com\/?post_type=profile&#038;p=3619646"},{"@type":"Person","name":"Max Rego","url":"https:\/\/thehill.com\/?post_type=profile&#038;p=5494295"}],"alternativeHeadline":"","articleBody":"The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the first time&nbsp;the Fed has hiked rates&nbsp;in more than three years, and the first time in&nbsp;nearly a year&nbsp;since the range touched 4&nbsp;percent.&nbsp; Warsh said after the decision&nbsp;that the rate hike will \u201csupport a timelier return\u201d to the Fed\u2019s 2 percent inflation target. \u201cI would be hard pressed to describe broad financial conditions as restrictive,\u201d he told reporters.&nbsp;\u201cThis view was widely shared by the committee, so we removed a dose of accommodation.\u201d Looking ahead to the final two FOMC meetings of the year, a majority of committee officials project at least one rate hike. Twelve of 18 FOMC officials projected a single rate hike, according to a quarterly summary of economic projections the Fed released on Wednesday. Four officials projected two hikes, while two predicted a pair of holds. Warsh, who has strayed away from issuing forward guidance as Fed chair, did not provide a projection for the Fed's last quarterly summary in June. He confirmed Wednesday that he again abstained from offering projections. Markets widely expected officials to raise rates by a quarter point on Wednesday&nbsp;in an effort to&nbsp;tame inflation, which&nbsp;remains&nbsp;above&nbsp;the Fed\u2019s 2 percent target&nbsp;amid the&nbsp;war with Iran.&nbsp; But major stock indices still&nbsp;dipped after the decision, with the Dow Jones Industrial Average closing at a three-month low. The Nasdaq also fell by more than 130 points from Wednesday\u2019s opening bell. Traders were pricing in a&nbsp;nearly 93 percent&nbsp;chance&nbsp;that the&nbsp;FOMC&nbsp;would raise rates by a quarter point&nbsp;Wednesday morning, according to the CME Group\u2019s&nbsp;FedWatch tool, which tracks bets placed on future Fed decisions.&nbsp; Roughly 85 percent&nbsp;of economists&nbsp;Reuters surveyed&nbsp;over the weekend also predicted a quarter-point hike, a&nbsp;shift from the 70 percent of economists who&nbsp;predicted&nbsp;a hold&nbsp;before the Bureau of Labor Statistics&nbsp;reported&nbsp;annual inflation in August was 3.4 percent, as measured by the consumer price index&nbsp;(CPI).&nbsp; But the move could rankle&nbsp;Warsh\u2019s&nbsp;relationship with President Trump.&nbsp;The president has&nbsp;long pushed&nbsp;for&nbsp;rate cuts, dating to the tenure of former Fed Chair Jerome Powell \u2014 who still sits on the FOMC and&nbsp;voted Wednesday to hike rates.&nbsp; Roughly four&nbsp;months before&nbsp;Powell\u2019s eight-year tenure&nbsp;ended in May, the Justice&nbsp;Department&nbsp;launched&nbsp;a since-abandoned&nbsp;probe&nbsp;of the then-Fed chair over his handling of renovations to two of the central&nbsp;bank\u2019s&nbsp;office buildings in Washington, D.C.&nbsp; Powell blasted the probe as an effort by the department, on Trump\u2019s behalf, to pressure the Fed on monetary policy. The former Fed chair has also&nbsp;stayed on&nbsp;as a Fed board member&nbsp;amid Fed Inspector General Michael Horowitz\u2019s&nbsp;investigation&nbsp;into the renovations.&nbsp; While Trump&nbsp;has given Warsh&nbsp;some room to&nbsp;maneuver&nbsp;in his first few meetings leading the central bank, he appears increasingly impatient&nbsp;for a cut.&nbsp; \u201cInterest Rates in the United States should be 1%, or less, because we are the Best Credit in the World \u2014 BY FAR,\" Trump posted on his Truth Social platform Wednesday, after the Fed rate announcement. Warsh had&nbsp;hinted&nbsp;at voting to raise interest rates last month, saying the central bank would have \u201cwork to do\u201d if inflation was not moving toward its 2 percent target.&nbsp;&nbsp; \u201cThe responsibility for&nbsp;65 months&nbsp;of sustained, elevated inflation sits squarely with the central bank. And that is where it belongs,\u201d the Fed chair&nbsp;said&nbsp;at a summit in Jackson Hole, Wyo.&nbsp; While speaking to reporters on Wednesday, Warsh dodged two questions on Trump, chuckling in response to the first. But in speaking to the autonomy of the Fed from political influence, the chair said independence \u201cis a two-way street.\u201d Warsh added, \u201cWe let people that do trade policy and fiscal policy stay in their lane too. That's how we can stand up here and call them the way we see them.\u201d The Fed has slowly but surely&nbsp;lowered&nbsp;rates over the past few years, as the economy has recovered from a bout of severe inflation.&nbsp;&nbsp; Inflation surged after the COVID-19 pandemic,&nbsp;rising to a 40-year high of&nbsp;9.1 percent&nbsp;in June 2022. The central bank began&nbsp;hiking rates in March 2022, although Powell faced criticism&nbsp;from experts&nbsp;for&nbsp;failing to move&nbsp;quickly enough to&nbsp;contain&nbsp;rising prices.&nbsp; The Fed repeatedly raised rates throughout 2022 and 2023,&nbsp;before settling at a multiyear high of 5.25 percent to 5.5 percent.&nbsp;It kept rates&nbsp;there&nbsp;for more than a year as inflation eased, before starting a series of cuts in late 2024.&nbsp;&nbsp; Roughly two&nbsp;years after reaching that four-decade high, inflation dipped to less than 3 percent and hovered between 2.3 percent and 3 percent for about&nbsp;18 months.&nbsp;&nbsp; But it spiked after the U.S. and Israel launched the war with Iran, a conflict that has resulted in a shock to the&nbsp;oil industry&nbsp;due to the Islamic Republic\u2019s restrictions on shipping in the Strait of Hormuz.&nbsp; Annual inflation hit a&nbsp;three-year high&nbsp;of 4.2 percent in May and has since fallen to 3.4 percent, according to the CPI.&nbsp;&nbsp; The Fed\u2019s preferred measure of inflation, the personal consumption expenditures&nbsp;(PCE) price index, also hit 4.1 percent in May and was&nbsp;3.7 percent&nbsp;in July, according to&nbsp;data from&nbsp;the Bureau of Economic Analysis. The bureau will release PCE data for August&nbsp;on&nbsp;Sept. 30.&nbsp; The Iran conflict, which hit the 200-day mark on Wednesday, also&nbsp;threatens&nbsp;to further increase inflation.&nbsp;The nonpartisan Congressional Budget Office&nbsp;reported&nbsp;Tuesday&nbsp;the war will increase its prior projection of annual inflation, as measured by the PCE, in the first quarter of 2027 by 0.5 percentage points. FOMC officials&nbsp;slightly tweaked their outlook for inflation, based on the committee\u2019s quarterly summary of projections. The median projected inflation rate for this year was 3.7 percent, up from 3.6 percent in June. Officials also do not project inflation to dip to 2 percent until 2029, after projecting three months ago it will reach the Fed\u2019s target by 2028.&nbsp; Loretta Mester, a former Cleveland Fed president, said there was a \u201ccogent case\u201d for a rate hike, adding incoming inflation data \u201care not convincing that underlying inflation is on a downward path\" to 2 percent. Warsh was also resolute in saying the committee will deliver \u201cprice stability,\u201d laying out the stakes if inflation remains above target. \u201cThe least well off are the ones who have the most to gain from stable prices,\u201d he said, specifically naming those who do not own a home, have a 401(k) plan and are living paycheck-to-paycheck. \u201cIn stable prices, an environment where inflation is running consistent with our 2 percent objective offers good news because that way, when they get their wages, they can put their head above water and deliver real take-home pay increases,\u201d Warsh added. Updated at 5 p.m. EDT","articleSection":"Business","genre":["Business"],"keywords":[],"image":{"@type":"ImageObject","url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2026\/07\/warsh_kevin_07292026_AP26210732323992-1.jpg?strip=1","name":"Federal Reserve Chair Kevin Warsh speaks during a news conference at the Federal Reserve in Washington, July 29, 2026.","width":1400,"height":787},"associatedMedia":[]}
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		Fed hikes interest rates by quarter point	</h1>
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			by <a href="https://thehill.com/author/julia-shapero/">Julia Shapero</a> and <a href="https://thehill.com/author/max-rego/">Max Rego</a> - 09/16/26 2:01 PM ET<br>
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	<section class="submitted-by | header__meta | text-transform-upper text-300 color-light-gray weight-semibold font-base mobile-only">
			by <a href="https://thehill.com/author/julia-shapero/">Julia Shapero</a> and <a href="https://thehill.com/author/max-rego/">Max Rego</a> - 09/16/26 2:01 PM ET<br>
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<p>The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation.</p>



<p>The central bank&rsquo;s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, <a href="https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm" target="_blank" rel="noreferrer noopener">voted unanimously</a> to increase the central bank&rsquo;s benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the first time&nbsp;the Fed has hiked rates&nbsp;in more than three years, and the first time in&nbsp;<a href="https://www.federalreserve.gov/aboutthefed/fedexplained/accessible-version.htm" target="_blank" rel="noreferrer noopener">nearly a year</a>&nbsp;since the range touched 4&nbsp;percent.&nbsp;</p>

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<p>Warsh said after the decision&nbsp;that the rate hike will &ldquo;support a timelier return&rdquo; to the Fed&rsquo;s 2 percent inflation target.</p>



<p>&ldquo;I would be hard pressed to describe broad financial conditions as restrictive,&rdquo; he <a href="https://www.youtube.com/watch?v=D_5bQnxxWAE" target="_blank" rel="noreferrer noopener">told reporters</a>.&nbsp;&ldquo;This view was widely shared by the committee, so we removed a dose of accommodation.&rdquo;</p>



<p>Looking ahead to the final two FOMC meetings of the year, a majority of committee officials project at least one rate hike. Twelve of 18 FOMC officials projected a single rate hike, according to a <a href="https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20260916.pdf">quarterly summary</a> of economic projections the Fed released on Wednesday.</p>



<p>Four officials projected two hikes, while two predicted a pair of holds. Warsh, who has strayed away from issuing <a href="https://thehill.com/business/5929155-warsh-ends-fed-forecasts/">forward guidance</a> as Fed chair, did not provide a projection for the Fed&rsquo;s last <a href="https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20260617.pdf">quarterly summary</a> in June. He confirmed Wednesday that he again abstained from offering projections.</p>



<p>Markets widely expected officials to raise rates by a quarter point on Wednesday&nbsp;in an effort to&nbsp;<a href="https://thehill.com/business/6085407-cpi-inflation-federal-reserve-interest-rates/" target="_blank" rel="noreferrer noopener">tame inflation</a>, which&nbsp;<a href="https://thehill.com/business/6083146-inflation-rate-cpi-august/" target="_blank" rel="noreferrer noopener">remains&nbsp;above</a>&nbsp;the Fed&rsquo;s 2 percent target&nbsp;amid the&nbsp;<a href="https://thehill.com/policy/defense/6090292-pentagon-iran-war-cost-increase/" target="_blank" rel="noreferrer noopener">war with Iran</a>.&nbsp;</p>



<p>But major stock indices still&nbsp;dipped after the decision, with the <a href="https://www.cnbc.com/quotes/.DJI/" target="_blank" rel="noreferrer noopener">Dow Jones Industrial Average</a> closing at a three-month low. The <a href="https://www.cnbc.com/quotes/.IXIC/" target="_blank" rel="noreferrer noopener">Nasdaq</a> also fell by more than 130 points from Wednesday&rsquo;s opening bell.</p>

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<p>Traders were pricing in a&nbsp;nearly 93 percent&nbsp;chance&nbsp;that the&nbsp;FOMC&nbsp;would raise rates by a quarter point&nbsp;Wednesday morning, according to the CME Group&rsquo;s&nbsp;<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank" rel="noreferrer noopener">FedWatch tool</a>, which tracks bets placed on future Fed decisions.&nbsp;</p>



<p>Roughly 85 percent&nbsp;of economists&nbsp;<a href="https://www.reuters.com/business/fed-rate-hike-wednesday-now-likely-say-economists-least-one-more-follow-2026-09-14/" target="_blank" rel="noreferrer noopener">Reuters surveyed</a>&nbsp;over the weekend also predicted a quarter-point hike, a&nbsp;shift from the 70 percent of economists <a href="https://www.reuters.com/business/fed-hold-rates-steady-rest-2026-rising-number-analysts-see-least-one-hike-2026-09-09/" target="_blank" rel="noreferrer noopener">who&nbsp;predicted&nbsp;a hold</a>&nbsp;before the Bureau of Labor Statistics&nbsp;<a href="https://www.bls.gov/news.release/cpi.nr0.htm" target="_blank" rel="noreferrer noopener">reported&nbsp;annual inflation</a> in August was 3.4 percent, as measured by the consumer price index&nbsp;(CPI).&nbsp;</p>



<p>But the move could rankle&nbsp;Warsh&rsquo;s&nbsp;<a href="https://thehill.com/business/6090682-fed-chair-warsh-interest-rate-decision/" target="_blank" rel="noreferrer noopener">relationship with</a> President Trump.&nbsp;The president has&nbsp;<a href="https://thehill.com/business/5738128-trump-pressure-fed-rates/" target="_blank" rel="noreferrer noopener">long pushed</a>&nbsp;for&nbsp;<a href="https://thehill.com/homenews/administration/6039728-trump-calls-lower-rates-bond-market/" target="_blank" rel="noreferrer noopener">rate cuts</a>, dating to the tenure of former Fed Chair Jerome Powell &mdash; who still sits on the FOMC and&nbsp;voted Wednesday to hike rates.&nbsp;</p>

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<p>Roughly four&nbsp;months before&nbsp;Powell&rsquo;s eight-year tenure&nbsp;ended in May, the <a href="https://thehill.com/business/5683941-doj-probe-federal-reserve/">Justice&nbsp;Department&nbsp;launched</a>&nbsp;a since-abandoned&nbsp;<a href="https://thehill.com/business/5685138-5-questions-about-the-doj-probe-into-the-fed-jerome-powell/?utm_social_handle_id=1917731&amp;utm_social_post_id=650162512" target="_blank" rel="noreferrer noopener">probe&nbsp;of the then-Fed chair</a> over his handling of renovations to two of the central&nbsp;bank&rsquo;s&nbsp;office buildings in Washington, D.C.&nbsp;</p>



<p>Powell blasted the probe as an effort by the department, on Trump&rsquo;s behalf, to pressure the Fed on monetary policy. The former Fed chair has also&nbsp;<a href="https://thehill.com/homenews/administration/5879153-powell-warsh-fed-transition/" target="_blank" rel="noreferrer noopener">stayed on</a>&nbsp;as a Fed board member&nbsp;amid Fed Inspector General Michael Horowitz&rsquo;s&nbsp;<a href="https://thehill.com/business/5847293-justice-department-drops-powell-investigation/" target="_blank" rel="noreferrer noopener">investigation&nbsp;into the renovations</a>.&nbsp;</p>



<p>While Trump&nbsp;has given Warsh&nbsp;some room to&nbsp;maneuver&nbsp;in his first few meetings leading the central bank, he appears increasingly impatient&nbsp;for a cut.&nbsp;</p>

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<p>&ldquo;Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World &mdash; BY FAR,&rdquo; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/117282643318690567">posted</a> on his Truth Social platform Wednesday, after the Fed rate announcement.</p>



<p>Warsh had&nbsp;<a href="https://thehill.com/business/6057043-federal-reserve-kevin-warsh-jackson-hole-interest-rate-hike/" target="_blank" rel="noreferrer noopener">hinted&nbsp;at voting to raise</a> interest rates last month, saying the central bank would have &ldquo;work to do&rdquo; if inflation was not moving toward its 2 percent target.&nbsp;&nbsp;</p>



<p>&ldquo;The responsibility for&nbsp;65 months&nbsp;of sustained, elevated inflation sits squarely with the central bank. And that is where it belongs,&rdquo; the Fed chair&nbsp;<a href="https://www.federalreserve.gov/newsevents/speech/warsh20260828a.htm" target="_blank" rel="noreferrer noopener">said&nbsp;at a summit</a> in Jackson Hole, Wyo.&nbsp;</p>

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<p>While speaking to reporters on Wednesday, Warsh dodged two questions on Trump, chuckling in response to the first.</p>



<p>But in speaking to the autonomy of the Fed from political influence, the chair said independence &ldquo;is a two-way street.&rdquo;</p>



<p>Warsh added, &ldquo;We let people that do trade policy and fiscal policy stay in their lane too. That&rsquo;s how we can stand up here and call them the way we see them.&rdquo;</p>

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<p>The Fed has slowly but surely&nbsp;lowered&nbsp;rates over the past few years, as the economy has recovered from a bout of severe inflation.&nbsp;&nbsp;</p>



<p>Inflation surged after the COVID-19 pandemic,&nbsp;rising to a 40-year high of&nbsp;<a href="https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm" target="_blank" rel="noreferrer noopener">9.1 percent</a>&nbsp;in June 2022. The central bank began&nbsp;hiking rates in March 2022, although Powell faced criticism&nbsp;from experts&nbsp;for&nbsp;failing to move&nbsp;quickly enough to&nbsp;contain&nbsp;rising prices.&nbsp;</p>



<p>The Fed repeatedly raised rates throughout 2022 and 2023,&nbsp;before settling at a multiyear high of 5.25 percent to 5.5 percent.&nbsp;It kept rates&nbsp;there&nbsp;for more than a year as inflation eased, before starting a series of cuts in late 2024.&nbsp;&nbsp;</p>

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<p>Roughly two&nbsp;years after reaching that four-decade high, inflation dipped to less than 3 percent and hovered between 2.3 percent and 3 percent for about&nbsp;18 months.&nbsp;&nbsp;</p>



<p>But it spiked after the U.S. and Israel launched the war with Iran, a conflict that has resulted in a shock to the&nbsp;<a href="https://thehill.com/policy/energy-environment/6088763-oil-prices-jump-houthi-attacks/" target="_blank" rel="noreferrer noopener">oil industry</a>&nbsp;due to the Islamic Republic&rsquo;s restrictions on shipping in the Strait of Hormuz.&nbsp;</p>



<p>Annual inflation hit a&nbsp;<a href="https://thehill.com/business/5917925-inflation-rate-highest-three-years/" target="_blank" rel="noreferrer noopener">three-year high</a>&nbsp;of 4.2 percent in May and has since fallen to 3.4 percent, according to the CPI.&nbsp;&nbsp;</p>

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<p>The Fed&rsquo;s preferred measure of inflation, the personal consumption expenditures&nbsp;(PCE) price index, also hit 4.1 percent in May and was&nbsp;<a href="https://thehill.com/business/6050414-pce-inflation-remained-flat/" target="_blank" rel="noreferrer noopener">3.7 percent</a>&nbsp;in July, according to&nbsp;<a href="https://www.bea.gov/data/personal-consumption-expenditures-price-index" target="_blank" rel="noreferrer noopener">data from</a>&nbsp;the Bureau of Economic Analysis. The bureau will release PCE data for August&nbsp;on&nbsp;Sept. 30.&nbsp;</p>



<p>The Iran conflict, which hit the 200-day mark on Wednesday, <a href="https://thehill.com/policy/defense/6091340-cbo-iran-war-inflation-costs/" target="_blank" rel="noreferrer noopener">also&nbsp;threatens</a>&nbsp;to further increase inflation.&nbsp;The nonpartisan Congressional Budget Office&nbsp;<a href="https://www.cbo.gov/system/files/2026-09/62756-Iran.pdf" target="_blank" rel="noreferrer noopener">reported&nbsp;Tuesday</a>&nbsp;the war will increase its prior projection of annual inflation, as measured by the PCE, in the first quarter of 2027 by 0.5 percentage points.</p>



<p>FOMC officials&nbsp;slightly tweaked their outlook for inflation, based on the committee&rsquo;s quarterly summary of projections. The median projected inflation rate for this year was 3.7 percent, up from 3.6 percent in June.</p>

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<p>Officials also do not project inflation to dip to 2 percent until 2029, after projecting three months ago it will reach the Fed&rsquo;s target by 2028.&nbsp;</p>



<p>Loretta Mester, a former Cleveland Fed president, said there was a &ldquo;cogent case&rdquo; for a rate hike, adding incoming inflation data &ldquo;are not convincing that underlying inflation is on a downward path&rdquo; to 2 percent.</p>



<p>Warsh was also resolute in saying the committee will deliver &ldquo;price stability,&rdquo; laying out the stakes if inflation remains above target.</p>

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<p>&ldquo;The least well off are the ones who have the most to gain from stable prices,&rdquo; he said, specifically naming those who do not own a home, have a 401(k) plan and are living paycheck-to-paycheck.</p>



<p>&ldquo;In stable prices, an environment where inflation is running consistent with our 2 percent objective offers good news because that way, when they get their wages, they can put their head above water and deliver real take-home pay increases,&rdquo; Warsh added.</p>



<p><em>Updated at 5 p.m. EDT</em></p>
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									data-link-label="Trump donor Harold Hamm’s oil company announces Venezuela deal"
				
				
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									11 hours ago							</span>

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									12 hours ago							</span>

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								placeholder="Email"
								required
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</div>
					<form id="forgot-password-reset-form" class="lr-form lr-reset-password-form" novalidate>
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							<input
								type="email"
								id="forgot-password-reset-email-display"
								class="login-registration-email-input"
								placeholder="Email"
								required
								autocomplete="email"
								inputmode="email"
								aria-label="Email address"
							/>
						</div>
								<div class="lr-form-input lr-form-input--password">
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				type="password"
				id="forgot-password-new-password"
								class="login-registration-password-input"
				placeholder="Enter New Password"
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				required				aria-describedby="forgot-password-reset-requirements"			/>
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			type="button"
			class="lr-password-reveal"
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			aria-label="Show password"
			title="Show password"
		>
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							id="forgot-password-reset-error-message"
							class="error-message forgot-password-reset-error-message"
							role="alert"
							aria-live="polite"
							hidden
						></div>
						<div class="lr-reset-password-requirements">
							<div class="lr-reset-password-requirements-heading">
								Password requirements:							</div>
							<ul id="forgot-password-reset-requirements" class="lr-reset-password-rules">
																	<li data-rule="length">
										At least 12 characters									</li>
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								class="lr-button"
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							>
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			</svg>
		</div>
								<h2 class="lr-modal-title">Password updated</h2>
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							Your password has been reset. Please log in with your new password.						</div>
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<h3>Go deeper with the source Washington trusts</h3>

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						Monthly					</button>
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						Yearly					</button>
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						<div class="lr-pricing-table__grid lr-pricing-table__grid--columns-2" data-billing-columns-monthly="2" data-billing-columns-yearly="2">
									
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													<h3 class="lr-pricing-table__card-title">Insider Basic</h3>
										<p class="lr-pricing-table__card-price">
			<span class="lr-pricing-table__price-amount">$5</span>
							<span class="lr-pricing-table__price-fraction">.99/ month</span>
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													<h3 class="lr-pricing-table__card-title">Insider Premium</h3>
										<p class="lr-pricing-table__card-price">
			<span class="lr-pricing-table__price-amount">$9</span>
							<span class="lr-pricing-table__price-fraction">.99/ month</span>
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		<div class="lr-pricing-table__card lr-pricing-table__card--promotional lr-pricing-table__card--compare-pricing" data-billing-type="yearly" data-has-trial="true">
						<div class="lr-pricing-table__card-header">
													<h3 class="lr-pricing-table__card-title">Insider Basic</h3>
										<div class="lr-pricing-table__card-pricing lr-pricing-table__card-pricing--compare" role="group" aria-label="Regular price $59.99 / yr, promotional price $54.99 yr 1">
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											<span class="lr-pricing-table__card-price lr-pricing-table__card-price--struck">
			<span class="lr-pricing-table__price-amount">$59</span>
							<span class="lr-pricing-table__price-fraction">.99 / yr</span>
					</span>
												<span class="lr-pricing-table__card-price lr-pricing-table__card-price--promo">
			<span class="lr-pricing-table__price-amount">$54</span>
							<span class="lr-pricing-table__price-fraction">.99 yr 1</span>
					</span>
					</p>
		</div>
											<p class="lr-pricing-table__card-description">Renews at $59.99/year thereafter</p>
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							<div class="lr-pricing-table__card-badge">BEST VALUE</div>
						<div class="lr-pricing-table__card-header">
													<h3 class="lr-pricing-table__card-title">Insider Premium</h3>
										<div class="lr-pricing-table__card-pricing lr-pricing-table__card-pricing--compare" role="group" aria-label="Regular price $99.99 / yr, promotional price $89.99 yr 1">
						<p class="lr-pricing-table__card-compare-prices">
											<span class="lr-pricing-table__card-price lr-pricing-table__card-price--struck">
			<span class="lr-pricing-table__price-amount">$99</span>
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												<span class="lr-pricing-table__card-price lr-pricing-table__card-price--promo">
			<span class="lr-pricing-table__price-amount">$89</span>
							<span class="lr-pricing-table__price-fraction">.99 yr 1</span>
					</span>
					</p>
		</div>
											<p class="lr-pricing-table__card-description">Renews at $99.99 / year thereafter</p>
							</div>
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