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Brooklyn News Review

4 things to know as the Fed embarks on its biggest fight against inflation in years

Federal Reserve Chair Jerome Powell collects his notebooks as he testifies before the Senate Banking Committee on March 3. The Fed is widely expected to raise interest rates by half a percentage point at its meeting this week.

The Federal Reserve is expected to approve its largest interest rate hike in more than two decades this week. Additional rate increases are likely, as the Fed tries to regain control over inflation.

(Image credit: Jonathan Ernst/Pool/Getty Images)

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