Top Fed official: The Fed will ‘keep going on this’ until your savings accounts are depleted
Jerome Powell, Chairman of the Federal Reserve, speaks during a press conference following a meeting of the Federal Open Market Committee in Washington, DC on November 2, 2022. Photo: Al Drago/Bloomberg via Getty Images Wednesday, the Federal Reserve raised its interest rate target by an additional 0.75%. The target has now risen overall by 3.75% …