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PBS News Hour
Fed raises interest rates again, more hikes likely in 2023
After announcing another half-point interest rate hike, Federal Reserve Chair Jay Powell indicated more hikes are on the way in 2023. This comes as inflation shows signs of slowing gradually, but there are again concerns the Fed is not going to be able to tame it without triggering a recession. Economist Mohamed El-Erian joined Geoff Bennett to discuss.
