May 5, 2022
The Fed hiked interest rates yesterday. Now what?
Federal Reserve Chairman Jerome Powell speaks Wednesday after the central bank decided to hike interest rates by half a percentage point. "It is essential that we bring inflation down," he said.
Win McNamee/Getty Images
Yesterday, the Federal Reserve moved to hike interest rates by half of one percentage point. Chair Jerome Powell said the Fed is not actively considering raising rates by three-quarters of a point. We talked to Marketplace's Nancy Marshall-Genzer, who was in person at the press conference following the announcement. Plus, the Department of Homeland Security will grant work permit extensions for many immigrants with expired and near-expired documents. And, there has been an uptick in donations to abortion funds following the leaked Supreme Court draft opinion that would overturn the landmark Roe v. Wade case.
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The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Jay Siebold
Technical Director
Meredith Garretson Morbey
Senior Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Alex Schroeder
Producer
Redmond Carolipio
Digital Producer
Ariana Rosas
Producer
Jesson Duller
Media Producer
