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Fed raises rates a quarter point

Wednesday, June 13, 2018 - 00:56

Fed Chairman Jerome Powell announced on Wednesday the Federal Reserve is raising interest rates by a quarter of a percentage point, a move that was widely expected but still marked a milestone in the U.S. central bank's shift from policies used to battle the 2007-2009 financial crisis and recession. Rough Cut ( no reporter narration).

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Fed Chairman Jerome Powell announced on Wednesday the Federal Reserve is raising interest rates by a quarter of a percentage point, a move that was widely expected but still marked a milestone in the U.S. central bank's shift from policies used to battle the 2007-2009 financial crisis and recession. Rough Cut ( no reporter narration).

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Fed raises rates a quarter point

Wednesday, June 13, 2018 - 00:56