Up Next
Back to Show
PBS News Hour
Fed implements highest interest rate hike in decades
The 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.
Support Provided By
Season
57:46
November 15, 2024 - PBS News Hour full episode
57:46
November 14, 2024 - PBS News Hour full episode
57:46
November 13, 2024 - PBS News Hour full episode
57:46
November 12, 2024 - PBS News Hour full episode
57:46
November 11, 2024 - PBS News Hour full episode
26:45
November 10, 2024 - PBS News Weekend full episode
26:45
November 9, 2024 - PBS News Weekend full episode
57:46
November 8, 2024 - PBS News Hour full episode
57:46
November 7, 2024 - PBS News Hour full episode
57:46
November 6, 2024 - PBS News Hour full episode
56:58
November 5, 2024 - PBS News Hour full episode
57:46
November 4, 2024 - PBS News Hour full episode