Fed raises rates again to stem inflation

The Federal Reserve has raised interest rates by a further 50 basis
points in an effort to stem runaway inflation.

Price pressures have remained stubbornly high and Fed officials say
rates may not come down until 2024.

William Denselow reports from New York.

IN: "The interest rate…"
OUT: "... SOC"
DUR: 51 seconds

Generic: http://fsnradionews.com/feeds/1214Fed-wd-generic.mp3