Did the Fed Keep Rates Too Low for Too Long?

Interest rates are going up. In the most aggressive rate hike since 1994, the Federal Reserve yesterday agreed to raise interest rates three quarters of a percentage point. And Fed officials gave some indication of what they’re expecting for our economy for the rest of the year.

• Plus, the Biden administration’s order to protect LGBTQ rights
• And, an FDA panel endorses vaccines for our youngest children

Guests: Axios' Neil Irwin and Orion Rummler, reporter at the 19th.

Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, Lydia McMullen-Laird and Alex Sugiura. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

Go Deeper:

• Fed steps up campaign against inflation with 0.75 point rate hike
• Biden signs "historic" executive order to protect LGBTQ people