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The Federal Reserve raises interest rates for the first time since 2018

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Fed Chair Jerome Powell is pictured during his renomination hearing with the Senate Banking Committee in Washington, D.C., on Jan. 11. The Fed raised interest rates on Wednesday for the first time since 2018. (Pool/AFP via Getty Images)
Fed Chair Jerome Powell is pictured during his renomination hearing with the Senate Banking Committee in Washington, D.C., on Jan. 11. The Fed raised interest rates on Wednesday for the first time since 2018. (Pool/AFP via Getty Images)

This article was originally published on March 16, 2022.

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