# Federal Reserve Raises Interest Rate by Half Percent

By Human Events · Published 2022-05-05 · News & Analysis › Economy · https://humanevents.com/news/federal-reserve-raises-interest-rate-by-half-percent

> In an effort to slow inflation, the Federal Reserve on Wednesday announced that the central bank will raise interest rates by a half-percentage point. The increase marks the first time in 22 years that the central bank increased rates that much, Just the News reports.

In an effort to slow inflation, the Federal Reserve on Wednesday announced that the central bank will raise interest rates by a half-percentage point.

The increase marks the first time in 22 years that the central bank increased rates that much, *Just the News* [reports.](https://justthenews.com/politics-policy/finance/federal-reserve-raises-interest-rates-half-point-effort-slow-inflation)