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A look at the Fed’s long road ahead

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The Federal Reserve announced a half-percentage-point interest rate hike today. It’s also shrinking its balance sheet in an effort to tame inflation. But supply chain hiccups, inflationary expectations and a potential wage-price spiral complicate the central bank’s job. Today, we dig in. Also on the program: why the Fed might not mind a dip in the stock market, and how overturning Roe v. Wade would ripple out into the economy.

What do you think?

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The SEC's Gag on Potential Critics Now Faces Court Challenge

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Powell’s points presentation: the Fed raises rates