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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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