The Fed isn't afraid to bring pain 🦅

Jay Powell & Co are 'strongly committed' to tackling inflation 🎈

Fed Chair Jerome Powell. (Source: Getty)

The Federal Reserve has gotten extra aggressive about fighting inflation.¹

On Wednesday, the Fed raised short-term interest rates by 75 basis points to a range of 1.25% to 1.50%. It was the largest increase the central bank made in a single announcement since 1994.

In its policy announcement, the Fed said it was “str…