![Jerome Powell](/content/images/size/w720/wp-content/uploads/2022/04/2022-03-23T130947Z_1_LYNXNPEI2M0L3_RTROPTP_3_USA-FED.jpg)
Fed Chair Powell flags sharp rate hike next month
Generally speaking, when the US central bank increases its rate, it does it in quarter-point increments. But right now, inflation is at a four-decade high, and it’s a problem around the world because of supply disruptions from various things like the Russia-Ukraine war and the lockdowns in China. So