Navigating ‘unprecedented times’: Carver Bank’s CEO advises how to cope with the Fed’s climbing interest rates

By Megan Sayles, AFRO Business Writer, Report for America Corps Member, With inflation and interest rates at an all time high, one thing is clear for Carver Federal Savings Bank CEO and President Michael Pugh, we are living in unprecedented times.  Throughout 2022, the Federal Reserve (Fed) has raised interest rates six times in