# Fed attacks inflation with its largest rate hike since 1994

- Link: https://www.widthness.com/fed-attacks-inflation-with-its-largest-rate-hike-since-1994/
- Published: 2022-06-16T10:00:32-05:00
- Author: Curated by John Wysocki

Photo caption: FILE – Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022 in Washington. […] Photo credit: AP Photo / Alex Brandon, File. Article by Christopher Rugaber. AP News – June 15, 2022. WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession. […] Click here to view original web page at apnews.com