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The Fed hiked interest rates yesterday. Now what?
May 5, 2022

The Fed hiked interest rates yesterday. Now what?

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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.

Segments From this episode

U.S. authorities extend work permits for hundreds of thousands of immigrants

May 5, 2022
The move is intended to ease a massive backlog at U.S. Citizenship and Immigration Services, but not every applicant is eligible.
Help wanted sign in front of a store front.

Funds that help low-income people pay for abortions are seeing a sharp uptick in donations

May 5, 2022
One fund raised more in the 36 hours after the SCOTUS decision leaked than it had in 3 years.
Abortion-rights activists and anti-abortion activists hold protest signs outside the U.S. Supreme Court.
Alex Edelman/AFP via Getty Images

The team

Victoria Craig Host, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Jay Siebold Technical Director
Jesson Duller Media Producer
Erika Soderstrom Producer/Director
Rose Conlon Producer
Alex Schroeder Producer
Redmond Carolipio Digital Producer