Fed hopes biggest rate hike in 22 years tames inflation without recession or stagflation: 3 essential reads on what it all means
- Written by Bryan Keogh, Senior Editor, Economy + Business
Fed Chair Jerome Powell has a tough job in bringing down inflation without killing the economy. AP Photo/Alex BrandonThe Federal Reserve on May 4, 2022, lifted its benchmark interest rate by half a percentage point to a range of 0.75% to 1%, its biggest increase in 22 years. The aggressive move, which has been expected for many months, is part of...