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What the Fed’s interest rate hike means for your wallet

What the Fed’s interest rate hike means for your wallet

12/16/2015 | Rating NR

PBS News Hour

What the Fed’s interest rate hike means for your wallet

Clip: 12/16/2015 | 8m 29s

What the Fed’s interest rate hike means for your wallet

The Federal Reserve is doing something it hasn't done since 2006: raising interest rates. The long-awaited announcement by Fed chair Janet Yellen hikes a key short-term rate from near zero. For a closer look at how the Fed made its decision, Gwen Ifill talks with David Wessel of the Brookings Institution and Tara Siegel Bernard of The New York Times.

12/16/2015 | Rating NR

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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...

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