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Economy
Politics
Jerome Powell
Federal Reserve Board Chairman Jerome Powell.

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  • The Federal Reserve raised interest rates by 25 basis points on Wednesday.
  • It comes after the central bank paused rates in June.
  • Powell has said that it will take more rate hikes to get inflation down to the target 2% level.

The nation's central bank just made its latest move to fight inflation.

Tags
economy, politics, Policy, Federal Reserve, Interest Rates, interest rate increase, Jerome Powell, Elizabeth Warren, Janet Yellen, Recession, soft landing
Source
The Fed just showed the US still has more work to do in getting inflation under…