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How will the Fed's interest rate hike address inflation?

Published May 5, 2022 at 12:33 PM CDT

With inflation running at a record high, the Federal Reserve raised interest rates by half a percentage point Wednesday.

Ali Velshi, anchor and economics correspondent at MSNBC, discusses the broader implications of the decision and the Fed’s track record at taming inflation.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

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