NJ Spotlight News
Federal Reserve to increase interest rates in the spring
Clip: 12/15/2021 | 41sVideo has Closed Captions
Policymakers say with the economy growing, extra stimulus is no longer needed
The Federal Reserve said on Wednesday it expects to start increasing interest rates next spring, that’s something that’s typically done when inflation is red hot. The Fed is also shifting away from policies it put in place to support the economy during the pandemic. With the economy growing and companies hiring again, that extra stimulus is no longer needed, according to policymakers.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Federal Reserve to increase interest rates in the spring
Clip: 12/15/2021 | 41sVideo has Closed Captions
The Federal Reserve said on Wednesday it expects to start increasing interest rates next spring, that’s something that’s typically done when inflation is red hot. The Fed is also shifting away from policies it put in place to support the economy during the pandemic. With the economy growing and companies hiring again, that extra stimulus is no longer needed, according to policymakers.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS