Share this article

Fed Announces Biggest Interest Rate Hike in 28 Years; Bitcoin Gains

"The labor market is extremely tight, and inflation is much too high," said Chair Jerome Powell.

Updated May 11, 2023, 6:22 p.m. Published Jun 15, 2022, 6:18 p.m.
Federal Reserve Chair Jerome Powell takes questions Wednesday on the Fed's latest rate hike decision. (Federal Reserve via YouTube)
Federal Reserve Chair Jerome Powell takes questions Wednesday on the Fed's latest rate hike decision. (Federal Reserve via YouTube)