{"id":11213,"date":"2022-06-16T00:33:16","date_gmt":"2022-06-16T00:33:16","guid":{"rendered":"https:\/\/news24feed.com\/federal-reserve-implements-highest-interest-rate-hike-in-decades-to-combat-inflation\/"},"modified":"2022-06-16T00:33:16","modified_gmt":"2022-06-16T00:33:16","slug":"federal-reserve-implements-highest-interest-rate-hike-in-decades-to-combat-inflation","status":"publish","type":"post","link":"https:\/\/news24feed.com\/?p=11213","title":{"rendered":"Federal Reserve implements highest interest rate hike in decades to combat inflation"},"content":{"rendered":"<div><iframe loading=\"lazy\" width=\"100%\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/JArC9_2E7Gs\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<p>The Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike. Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago. Fed chair Jerome Powell acknowledged the ongoing rate hikes might slow growth later this year, as the Fed projected unemployment would rise to 4 percent by 2024. Paul Solman reports.<\/p>\n<p>Stream your PBS favorites with the PBS app: <a target=\"_blank\" href=\"https:\/\/to.pbs.org\/2Jb8twG\" rel=\"noopener\">https:\/\/to.pbs.org\/2Jb8twG<\/a><br \/>\nFind more from PBS NewsHour at <a target=\"_blank\" href=\"https:\/\/www.pbs.org\/newshour\" rel=\"noopener\">https:\/\/www.pbs.org\/newshour<\/a><br \/>\nSubscribe to our YouTube channel: <a target=\"_blank\" href=\"https:\/\/bit.ly\/2HfsCD6\" rel=\"noopener\">https:\/\/bit.ly\/2HfsCD6<\/a><\/p>\n<p>Follow us:<br \/>\nTikTok: <a target=\"_blank\" href=\"https:\/\/www.tiktok.com\/@pbsnews\" rel=\"noopener\">https:\/\/www.tiktok.com\/@pbsnews<\/a><br \/>\nTwitter: <a target=\"_blank\" href=\"http:\/\/www.twitter.com\/newshour\" rel=\"noopener\">http:\/\/www.twitter.com\/newshour<\/a><br \/>\nInstagram: <a target=\"_blank\" href=\"http:\/\/www.instagram.com\/newshour\" rel=\"noopener\">http:\/\/www.instagram.com\/newshour<\/a><br \/>\nFacebook: <a target=\"_blank\" href=\"http:\/\/www.pbs.org\/newshour\" rel=\"noopener\">http:\/\/www.pbs.org\/newshour<\/a><\/p>\n<p>Subscribe:<br \/>\nPBS NewsHour podcasts: <a target=\"_blank\" href=\"https:\/\/www.pbs.org\/newshour\/podcasts\" rel=\"noopener\">https:\/\/www.pbs.org\/newshour\/podcasts<\/a><br \/>\nNewsletters: <a target=\"_blank\" href=\"https:\/\/www.pbs.org\/newshour\/subscribe\" rel=\"noopener\">https:\/\/www.pbs.org\/newshour\/subscribe<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike. Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago. Fed chair Jerome&hellip;<\/p>\n","protected":false},"author":8,"featured_media":11214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,4988],"tags":[],"class_list":["post-11213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-videos","category-politics-feed"],"_links":{"self":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts\/11213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11213"}],"version-history":[{"count":0,"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/posts\/11213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=\/wp\/v2\/media\/11214"}],"wp:attachment":[{"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news24feed.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}