PBS NewsHour

Fed raises interest rates again to combat inflation

Clip: 09/21/2022 | 4m 51s  | Video has closed captioning.

The Federal Reserve raised interest rates once again, adding to the sharpest series of hikes since the 1980s. So far, the Fed has increased rates by three points this year and Chair Jerome Powell says there's more to come. Other countries are following suit, posing more risks. Economics correspondent Paul Solman reports.

Aired: 09/21/22

Rating: NR

Problems Playing Video? | Closed Captioning

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