Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
Federal Reserve implements highest interest rate hike in decades to combat inflation
Posted
June 16, 2022
Views
21,069
Likes
223
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June 16, 2022
21,069
223
1.06%
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5:38Now PlayingThe Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike. Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago. Fed chair Jerome Powell acknowledged the ongoing rate hikes might slow growth later this year, as the Fed projected unemployment would rise to 4 percent by 2024. Paul Solman reports.
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