Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022 in Washington. The Federal Reserve is expected to announce its largest interest rate hike since 1994, a bigger increase than it had previously signaled and a sign that the central bank is struggling to restrain stubbornly high inflation. (AP Photo/Alex Brandon, File)
Christopher Rugaber AP Economics Writer WASHINGTON (AP) — The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest…
