Soaring prices, tanking markets and the political fallout
Clip: 6/17/2022 | 8m 48sVideo has Closed Captions
Soaring prices, tanking markets and the political fallout
The Federal Reserve raised interest rates this week by three-quarters of a percent to fight inflation, the largest hike in 28 years. Fed chair Jerome Powell also indicated that a similar rise could come in July if the economy doesn’t improve. Stocks tumbled in response to the historic action and Wall Street fell into bear market territory amid increased concerns that a recession may be looming.
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Major funding for “Washington Week with The Atlantic” is provided by Consumer Cellular, Otsuka, Kaiser Permanente, the Yuen Foundation, and the Corporation for Public Broadcasting.
Soaring prices, tanking markets and the political fallout
Clip: 6/17/2022 | 8m 48sVideo has Closed Captions
The Federal Reserve raised interest rates this week by three-quarters of a percent to fight inflation, the largest hike in 28 years. Fed chair Jerome Powell also indicated that a similar rise could come in July if the economy doesn’t improve. Stocks tumbled in response to the historic action and Wall Street fell into bear market territory amid increased concerns that a recession may be looming.
Problems playing video? | Closed Captioning Feedback
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Major funding for “Washington Week with The Atlantic” is provided by Consumer Cellular, Otsuka, Kaiser Permanente, the Yuen Foundation, and the Corporation for Public Broadcasting.