Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy and the State of the Economy, in Rayburn Building on Wednesday, March 2, 2022.
Tom Williams | CQ-roll Call, Inc. | Getty Images
- Fallout from the Fed: Do we want higher rates? No, we want lower prices for things we paid half the price for at this time last year. (The Federal Reserve decided to raise interest rates by 25 basis points Wednesday.)