NJ Spotlight News

'We won’t see costs coming down until the economy slows'

Clip: 06/16/2022 | 4m 19s | Video has closed captioning.

The Federal Reserve Wednesday raised interest rates for the third time this year - but yesterday’s increase was significant - three-quarters of a percentage point. It’s an attempt to right-size a growing economy that’s become unaffordable for so many. Rutgers University Professor Jim Hughes, Dean Emeritus of the Bloustein School of Planning and Public Policy gives insight.

Aired: 06/16/22

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.