Fed aims to clamp down on inflation with rate hikes
Clip: 1/26/2022 | 8m 43sVideo has Closed Captions
The Fed aims to clamp down on inflation with rate hikes. Will it work?
The Federal Reserve is shifting its approach to the economy and monetary policy. It's a major change after holding interest rates at near zero levels. Given the pandemic, it's not without its own risks. But the Fed chairman said the state of the economy required changing course. Lisa Desjardins begins the report, with more from Greg Ip, chief economics commentator for The Wall Street Journal.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Fed aims to clamp down on inflation with rate hikes
Clip: 1/26/2022 | 8m 43sVideo has Closed Captions
The Federal Reserve is shifting its approach to the economy and monetary policy. It's a major change after holding interest rates at near zero levels. Given the pandemic, it's not without its own risks. But the Fed chairman said the state of the economy required changing course. Lisa Desjardins begins the report, with more from Greg Ip, chief economics commentator for The Wall Street Journal.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...