September 26, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Federal Reserve rate hikes aren’t limited annually

1 min read

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The Federal Reserve can raise rates as many times as needed in an effort to help solve problems that the U.S. economy faces, such as inflation, experts told VERIFY.

The Federal Reserve is expected to raise its target interest rate by another three-quarters of a percentage point on Wednesday, bringing it to a range of 3% to 3.25% – the highest level in 14 years.

This will mark the fifth time that the United States’ central bank has adjusted interest rates in 2022. 

A VERIFY reader recently reached out to the team to ask whether there’s a limit to how many times the Federal Reserve can raise interest rates in a year.



2022-09-20 12:31:49

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