Federal Reserve Approves Largest Interest Rate Hike Since 1994 | EWTN News Nightly

About this sermon

Today, the Federal Reserve approved the largest interest rate hike since 1994. The goal of this move is to counteract the record-high inflation America has been facing. Joel Griffith, research fellow at the Heritage Foundation, joins us to give his thoughts on companies engaging in "shrinkflation" — or the giving of less product to the consumer. Additionally, he also gives us his thoughts on the latest supply shortages, the news that a California meat-processing plant is closing down due to the rising costs of running a business in the state, and more. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf