the bbc s north america business correspondent michelle fleury reports from outside the federal reserve in washington dc. since march 2022, interest rates in america have gone up 5%. that s an enormous amount in a short period of time. on wednesday, policymakers inside here all agreed, given its historic rate hiking campaign. now was the time to take a break and give the economy time to adjust to its actions that have pushed up the cost of borrowing for things like mortgages, business loans and credit cards. the decision left the fed s benchmark rate unchanged in a range between 5% and 5.25% percent. but for companies and consumers alike, the pain may not be over. as fed chairjerome powell made clear during his press conference with us, inflation still running well above the bank s 2% target. its job is not yet done.