The United States central bank (Fed) tightened its monetary policy again on Wednesday, in the face of inflation still far too high, and warned that it would have to tighten further, which will be painful for households . The mighty US Federal Reserve raised its key interest rate by three-quarters of a percentage point to a range of 3.00-3.25%. This is the third time in a row that the Monetary Policy Committee (FOMC), the Fed's decision-making body, has made an increase of this magnitude. It had started in March with a usual increase of a quarter point, before rising by half a point in May. And the movement should continue in 2022, until the key rate is raised by another percentage point. Because the Fed is "firmly resolved to bring inflation back to 2% and will remain so until the job is done" , hammered its president, Jerome Powell , Wednesday during a press conference. He even warned of the risks that could be posed by “premature easing of monetary policy”. Raising the ...