The National Republican Senatorial Committee Slams Joe Manchin on His Inflation Reduction Act

The Fed approved another quarter point, a quarter percentage point interest rate increase and signaled that it could be done lifting rates after that. The decision on Wednesday marked the Fed's 10th consecutive rate increase aimed at battling inflation while bringing its benchmark federal funds rate to a 16 year high. A group of top progressives warned earlier this week that the Fed's monetary strategy of more rate hikes could trigger a recession through a millions out of work and crush small businesses. Will the Fed stop raising rates before inflation gets to their desired target of 2% year on year? That is the question going forward.