Fed delivers another big rate hike; Powell vows to 'keep at it'
Federal Reserve Chair Jerome Powell vowed that he and his fellow policymakers would keep at their battle to beat down inflation, as the central bank hiked interest rates by three-quarters of a percentage point for a third straight time and signaled that borrowing costs would keep rising this year.

Fed delivers another big rate hike; Powell vows to 'keep at it'

Federal Reserve Chair Jerome Powell vowed that he and his fellow policymakers would keep at their battle to beat down inflation, as the central bank hiked interest rates by three-quarters of a percentage point for a third straight time and signaled that borrowing costs would keep rising this year.

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