PBS NewsHour

Why the Fed raised rates and how it affects consumers

Clip: 03/15/2017 | 4m 5s

After years of holding interest rates at a near-zero level, the Federal Reserve has entered a new phase of confidence in the "robustness of the economy and its resilience to shocks," according to Fed Chair Janet Yellen. Jeffrey Brown takes a closer look at what the Fed is seeing with David Wessel of the Brookings Institution.

Aired: 03/15/17

Rating: NR

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