Federal Reserve hikes interest rate despite bank turmoil

FILE- The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018. Facing the prospect of a third financial crisis in less than two decades, the Federal Reserve initiated a broad emergency lending program late Sunday, March 12, 2023, intended to shore up confidence in the nation's financial system following the collapse of two large banks with deep ties to the tech industry. (AP Photo/Andrew Harnik, File)