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The Fed raises interest rates by the most in over 20 years to fight inflation

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Federal Reserve Chair Jerome Powell testifies about monetary policy and the state of the economy before the House Financial Services Committee in Washington, D.C., on March 2. (Getty Images)
Federal Reserve Chair Jerome Powell testifies about monetary policy and the state of the economy before the House Financial Services Committee in Washington, D.C., on March 2. (Getty Images)

This article was originally published on May 04, 2022.

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