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Federal Reserve Chair Jerome Powell speaks during a news conference Wednesday, Dec. 14, 2022, at the Federal Reserve Board Building, in Washington, as an aide's hand reflects under the podium. On Wednesday, the Federal Reserve closes its two-day meeting where economists expect the central bank to raise its benchmark rate by a quarter of a point as its battle against four-decade high inflation extends into 2023. (AP Photo/Jacquelyn Martin, File)

Federal Reserve Chair Jerome Powell speaks during a news conference Wednesday, Dec. 14, 2022, at the Federal Reserve Board Building, in Washington, as an aide's hand reflects under the podium. On Wednesday, the Federal Reserve closes its two-day meeting where economists expect the central bank to raise its benchmark rate by a quarter of a point as its battle against four-decade high inflation extends into 2023. (AP Photo/Jacquelyn Martin, File)

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