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With Americans struggling to pay their bills due to skyrocketing inflation, the Federal Reserve is attempting to bring prices down. The Fed issued a historic hike on Wednesday, approving the largest interest rate increase in nearly 30 years.

United statesNew mexicoNorth dakotaMike sommersKarine jean pierreJenna browder jennabrowderJames lankford senatorlankfordClaudio galimbertiHas happened to oil productionWhite houseBiden admin blames oil companiesRystad energyAmerican petroleum instituteFederal reserveWith americansHouse press secretary karine jean pierre