Fed Raises Benchmark Interest Rate by 25 Basis Points

The video discusses a 25 basis point rate hike by the Federal Reserve, highlighting its statement on economic indicators such as spending, production, job gains, and inflation. It also addresses the impact of Russia's war against Ukraine on global uncertainty. The Federal Reserve aims to achieve maximum employment and a 2% inflation rate over the long term, with ongoing rate increases anticipated. The committee will consider cumulative monetary policy effects and continue reducing its holdings of Treasury and agency securities.

How does the Federal Reserve plan to address the economic impact of Russia's war against Ukraine?

What commitment does the committee have regarding inflation?