PBS NewsHour

Markets drop as Fed signals it's not done raising rates yet

Clip: 12/19/2018 | 6m 35s | Video has closed captioning.

In a sign of confidence in economic growth, the Federal Reserve raised its benchmark interest rate by a quarter point, to its highest level in a decade. Fed chairman Jerome Powell said politics played "no role whatsoever" in the bank's decision. But a forecast of further increases next year prompted stocks to dive. Judy Woodruff talks to David Wessel of the Brookings Institution for analysis.

Aired: 12/19/18

Rating: NR

Problems Playing Video? | Closed Captioning

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