Fed implements highest interest rate hike in decades

5m 36s

The Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike. Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago. Fed chair Jerome Powell acknowledged the ongoing rate hikes might slow growth later this year, as the Fed projected unemployment would rise to 4 percent by 2024. Paul Solman reports.

Previews + Extras

  • Trump-backed candidates have mixed success during primaries: asset-mezzanine-16x9

    Trump-backed candidates have mixed success during primaries

    S2022 E169 - 6m 31s

    Nearly half of the country has now chosen party nominees for November's midterm elections. Tuesday's primaries, from South Carolina to Nevada, made clear that for many Republicans, loyalty to former President Trump is still the key to success. The Washington Post's Annie Linskey joins Judy Woodruff to discuss.

  • Congress nears deal to reform Electoral College counts: asset-mezzanine-16x9

    Congress nears deal to reform Electoral College counts

    S2022 E169 - 5m 38s

    A bipartisan group of lawmakers on Capitol Hill have agreed on a framework to reform the Electoral Count Act. It governs the way Congress counts and certifies Electoral College votes during the presidential election, and it has become the subject of scrutiny after the Jan. 6 attack on the Capitol. Lisa Desjardins joins Judy Woodruff to explain.

  • What you need to know about COVID vaccines for kids under 5: asset-mezzanine-16x9

    What you need to know about COVID vaccines for kids under 5

    S2022 E169 - 6m 19s

    Advisers to the Food and Drug Administration on Wednesday endorsed COVID vaccinations for children under 5. The FDA approved reduced-strength vaccines from Moderna and Pfizer for the age group. With CDC approval, shots could be available as soon as Monday for some 18 million children. Dr. Andrea Singh, chief of pediatrics at Park Nicollet Clinics and Hospital, joins William Brangham to discuss.

  • UK tries to push plan to deport asylum seekers to Rwanda: asset-mezzanine-16x9

    UK tries to push plan to deport asylum seekers to Rwanda

    S2022 E169 - 8m 52s

    In the United Kingdom, the Conservative Party is facing criticism for its new migration deal with Rwanda. As part of a new resettlement scheme, migrants who arrive illegally on British shores would be flown 4,000 miles away to Rwanda for resettling. Zoe Gardner of the Joint Council for Welfare of Immigrants, an organization among those representing deportees, joins Amna Nawaz to discuss.

  • Coastal Louisiana faces housing crisis after Hurricane Ida: asset-mezzanine-16x9

    Coastal Louisiana faces housing crisis after Hurricane Ida

    S2022 E169 - 8m 16s

    The Atlantic hurricane season started June 1, but people in southeast Louisiana are still recovering after being hit last year by one of the strongest hurricanes ever to make landfall in the state. Communities correspondent Roby Chavez went back to visit the rural, coastal areas where Hurricane Ida’s 150 mile-per-hour winds left behind a housing crisis.

  • News Wrap: Buffalo shooting suspect faces hate crimes: asset-mezzanine-16x9

    News Wrap: Buffalo shooting suspect faces hate crimes

    S2022 E169 - 5m 48s

    In our news wrap Wednesday, a white man accused of shooting 10 Black victims in Buffalo will face federal hate crimes, President Biden pushed oil companies to produce more gasoline, Michigan police officer charged with murdering Patrick Lyoya was fired, federal jury indicts man accused of plotting to murder Justice Kavanaugh, and the U.S. will send a $1 billion military package to Ukraine.

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