Fed Raises Interest Rates To Highest Level In Over Two Decades

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Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022 in Washington. The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point. (AP Photo/Alex Brandon)
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Click ▶️ to listen to AURN Washington Correspondent Ebony McMorris’s report:

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