Federal Reserve

Fed again hikes interest rates by 0.75 points

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Fed launches interest rate hike to fight inflation

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on Capitol Hill on March 3, 2022. (Tom Williams, Pool via Associated Press)

Asian shares rise ahead of Fed decision on rate hike

A currency trader walks near the screens at a foreign exchange dealing room in Seoul, South Korea, March 16, 2022. (Lee Jin-man/Associated Press)

Here’s how interest rate hikes could affect mortgages, …

$100 bills are seen in a file photo. (NEXSTAR)

Fed signals interest rate hike as soon as March to cool …

Federal Reserve Board Chairman Jerome Powell listens during his re-nominations hearing before the Senate Banking, Housing and Urban Affairs Committee, Tuesday, Jan. 11, 2022, on Capitol Hill in Washington. (Brendan Smialowski/Pool via AP)

Fed moves up timetable for potential interest rate hikes …

In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. (AP Photo/Susan Walsh, Pool, File)

Fed will keep super-low interest rates, calls inflation …

In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. Federal Reserve officials were convinced last month that the U.S. economy and job growth had slowed as coronavirus cases surged across the country. They noted that the economy's outlook is heavily dependent on the course of the virus. (Al Drago/The New York Times via AP, Pool)

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Public should understand risks of Bitcoin and crypto …

In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. (AP Photo/Susan Walsh, Pool, File)

Federal Reserve says it will keep key interest rate …

In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. Federal Reserve officials were convinced last month that the U.S. economy and job growth had slowed as coronavirus cases surged across the country. They noted that the economy's outlook is heavily dependent on the course of the virus. (Al Drago/The New York Times via AP, Pool)

With economic recovery incomplete, higher inflation …

In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. Federal Reserve officials were convinced last month that the U.S. economy and job growth had slowed as coronavirus cases surged across the country. They noted that the economy's outlook is heavily dependent on the course of the virus. (Al Drago/The New York Times via AP, Pool)

Fed promises to keep interest rates low even after …

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Senate confirms Janet Yellen, making her the 1st …

President-elect Joe Biden, right, listens as Janet Yellen, who Biden nominated to serve as Secretary of the Treasury, speaks at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

Janet Yellen, Biden’s pick to lead Treasury, made …

President-elect Joe Biden, right, listens as Janet Yellen, who Biden nominated to serve as Secretary of the Treasury, speaks at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (Andrew Harnik/AP Photo)

Congressional leaders seal nearly $1 trillion COVID-19 …

Senate Minority Leader Sen. Chuck Schumer of N.Y., walks on Capitol Hill in Washington, Tuesday, Dec. 15, 2020. (AP Photo/Susan Walsh)