Inflation has become an overriding concern after the world's largest economy saw annual consumer prices surge 8.5 percent over the 12 months to March—the biggest jump since December 1981
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. (Credits: WIN MCNAMEE / Getty Images via AFP)