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PBS News Hour
What to expect after Fed raises interest rates in 2022
Federal Reserve officials announced Wednesday they are prepared to fight inflation with as many as three rate hikes, starting next spring, in an effort to cool persistently high inflation. Its benchmark rate, which affects borrowing, lending and economic growth, has been near zero since the start of the pandemic in a bid to boost the recovery. Judy Woodruff gets more from economist Julia Coronado.
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