Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
Federal Reserve raises interest rates amid stubbornly high prices and recession concerns
Posted
July 27, 2022
Views
12,536
Likes
110
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0.88%
July 27, 2022
12,536
110
0.88%
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6:49Now PlayingThe Federal Reserve raised interest rates significantly again Wednesday in a bid to put the brakes on inflation. The economy is no longer running nearly as hot as it did last year, but Fed Chair Jerome Powell said it was crucial to tame high prices by raising rates later this year, and said he hopes a recession can be avoided. Economics correspondent Paul Solman reports.
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