Daily News Lesson

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May 4, 2022, 9:38 p.m.

Federal Reserve implements largest interest rate hike since 2000 — and other news for May 5, 2022

Summary

The Federal Reserve raised interest rates again Wednesday in an effort to stamp down surging inflation. It increased rates by a half-percentage point, a move that will affect the pocketbooks of millions of Americans. Fed Chair Jerome Powell said more hikes are planned for this year. The Fed has changed course considerably while trying to avoid triggering a recession. Paul Solman reports. Directions : To watch the feature story, click the video above. Or skim the segments from the latest NewsHour by clicking on the image below, and choose the story that works best for your class. Then answer the questions below.

Five Facts

Discussion questions using the Journalist’s Five Ws plus an H:

  • Who are some of the individuals or groups of people mentioned in the news summary?
  • What stories are covered?
  • Where do some of the stories take place?
  • When did those stories occur?
  • Why did the event(s) take place?
  • How do you think the NewsHour’s producers decided which stories made it into the news summary?

Media literacy: Who else do you think should have been interviewed in the story you watched?

Focus Questions

See, Think, Wonder : What did you notice? What did the story make you think? What story would you want to find out more about? Where would you go to learn more?

For More

For more on how high interest rates impact the lives of American consumers, see this story.

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