Money Inflation is at a 40-year high. The Fed announced these aggressive moves to fight it May 4, 2022May 4, 2022Paul Davidson, USA TODAYComments Off on Inflation is at a 40-year high. The Fed announced these aggressive moves to fight it The Federal Reserve raised its key interest rate, which will set off a domino effect throughout the U.S. economy, from credit cards to mortgages.