Read the Federal Reserve's Full Statement Here

The Fed raised interest rates to a 22-year-high Wednesday afternoon, a widely expected move. You can read its full statement here. In the statement, the central bank called the U.S. banking system "sound and resilient." "Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks." "In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will...