Jun 14 Column: 5 ways higher interest rates could affect you By Teresa Ghilarducci The Federal Reserve moved to raise short-term interest rates on Wednesday. What does that mean for American households and American workers?… Continue reading
Mar 15 Watch 4:05 Why the Fed raised rates and how it affects consumers By PBS News Hour After years of holding interest rates at a near-zero level, the Federal Reserve has entered a new phase of confidence in the "robustness of the economy and its resilience to shocks," according to Fed Chair Janet Yellen. Jeffrey Brown takes… Continue watching
Mar 15 Federal Reserve raises key interest rate after solid jobs report By Kristen Doerer For the second time in three months, the Federal Reserve decided to raise its key interest rate a quarter point today. Continue reading
Dec 14 Watch 8:48 News Wrap: Silicon Valley comes to Trump Tower By PBS News Hour In our news wrap Wednesday, President-elect Donald Trump met with leaders of tech giants like Amazon, Google and Facebook, saying he will personally be there for them. During the campaign, he chastised the industry for sending jobs overseas. Also, short-term… Continue watching
Dec 14 Federal Reserve raises key interest rate and signals more to come in 2017 By Kristen Doerer The Federal Reserve decided today to raise its benchmark interest rate .25 percent, a move widely expected by investors and economists. So what does the move mean for you?… Continue reading
Dec 12 Column: Why the Fed may aggressively raise rates in 2017 By Terry Burnham To understand Janet Yellen’s motivation, consider that it has been seven years since the last U.S. recession ended. Since World War II, recessions have arrived about once every six years. Another recession is coming; the only unknown is the date. Continue reading
Dec 11 Watch What's next for U.S. monetary policy By PBS News Hour It is widely anticipated that chair of the Federal Reserve Board Janet Yellen will announce an interest rate increase this week during the board’s last meeting of the year. Binyamin Appelbaum, economic reporter at The New York Times, also expects… Continue watching
Sep 30 Column: What's missing in our economy? Inflation By Vikram Mansharamani Quantitative easing and other unconventional policies should have produced extraordinary inflation, quite possibly even hyperinflation. So what's going on?… Continue reading
Aug 26 Watch 6:52 News Wrap: Siege near Damascus to end after 4 years; suicide bomb kills 11 in Turkey By PBS News Hour In our news wrap Friday, hundreds of Syrian residents and fighters were allowed to leave Daraya, a suburb of Damascus that had been under siege since 2012. Secretary of State John Kerry met his Russian counterpart in Geneva to discuss… Continue watching
Jul 08 The yen is rising. What happens if Japan tries to push its currency down? By Benn Steil, Emma Smith Faced with a strong yen, Japan might look to manipulate its currency. Here's what might happen if the country decides to do so. Continue reading