All Things Considered for May 4, 2022 Hear the All Things Considered program for May 4, 2022

All Things Considered

Federal Reserve Chair Jerome Powell testifies about monetary policy and the state of the economy before the House Financial Services Committee in Washington, D.C., on March 2. Win McNamee/Getty Images hide caption

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Win McNamee/Getty Images

Economy

The Fed raises interest rates by the most in over 20 years to fight inflation

The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.

A woman wears a face shield to protect against COVID-19 at a taxi stand in Soweto, South Africa, where an omicron variant is causing a COVID-19 surge. Denis Farrell/AP hide caption

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Denis Farrell/AP

If you've had omicron before, are you safe from infection by the new variants?

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Critics say Ron Carter left a big footprint in music, especially for bassists. Didier Baverel/Getty Images hide caption

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Didier Baverel/Getty Images

85-year-old bassist Ron Carter has no plans on slowing down

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Federal Reserve Chair Jerome Powell testifies about monetary policy and the state of the economy before the House Financial Services Committee in Washington, D.C., on March 2. Win McNamee/Getty Images hide caption

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Win McNamee/Getty Images

The Fed raises interest rates by the most in over 20 years to fight inflation

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Lake Charles native James Hiatt looks out across the Devil's Elbow - an off-shoot of the Calcasieu River -toward what could soon be the site of one of nine liquefied natural gas export terminals planned in southwest Louisiana. Halle Parker/WWNO hide caption

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Halle Parker/WWNO

The U.S. may soon export more gas to the EU, but that will complicate climate goals

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In Minnie Driver's new memoir, Managing Expectations, the actress shares stories about the messiness of life from her childhood in England and Barbados, to her unexpected path into acting, becoming a single mom and her complicated relationship with her own parents. Michael Loccisano/Getty Images hide caption

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Michael Loccisano/Getty Images

Minnie Driver on the paradox of fame and her 'complicated' notion of marriage

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All Things Considered