Review of the Federal Reserve's interest rate proposal in 2022 Since the Federal Reserve/Federal Reserve began to raise interest rates for the first time in March 2022, the Federal Reserve has raised interest rates by 425 basis points in 2022, and raised the target range of the federal funds rate from 0.00% to 0.25% at the beginning of the year to the current 4.25% to 4.50%. Among them, the Federal Reserve raised interest rates by 75 basis points for four consecutive times, in June, July, September and165438+1October.