Asian Spectator

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Fed hopes biggest rate hike in 22 years tames inflation without recession or stagflation: 3 essential reads on what it all means

  • Written by Bryan Keogh, Senior Editor, Economy + Business
Fed hopes biggest rate hike in 22 years tames inflation without recession or stagflation: 3 essential reads on what it all meansFed Chair Jerome Powell has a tough job in bringing down inflation without killing the economy. AP Photo/Alex Brandon

The Federal Reserve on May 4, 2022, lifted its benchmark interest rate by half a percentage point to a range of 0.75% to 1%, its biggest increase in 22 years. The aggressive move, which has been expected for many months, is part of...

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  1. Nanoparticles are the future of medicine – researchers are experimenting with new ways to design tiny particle treatments for cancer
  2. Western river compacts were innovative in the 1920s but couldn't foresee today's water challenges
  3. Some funders are embracing 'trust-based philanthropy' by giving money without lots of obligations
  4. Rural superintendents lament: 'We went from being heroes to villains'
  5. What makes religious relics – like pieces of the 'true cross' and hair of saints – sacred to Christians
  6. Will new vaccines be better at fighting coronavirus variants? 5 questions answered
  7. A boom in fitness trackers isn't leading to a boom in physical activity – men, women, kids and adults in developed countries are all moving less
  8. Wastewater monitoring took off during the COVID-19 pandemic – and here's how it could help head off future outbreaks
  9. PFAS are showing up in children’s stain- and water-resistant products – including those labeled ‘nontoxic’ and ‘green’
  10. Abortion right guaranteed by Roe will be replaced by state power if the Supreme Court adopts the leaked Alito opinion

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