The Federal Reserve and rising interest rates
Listen 00:48:44Guests: Alan Binder, Binyamin Appelbaum
Last week the Federal Reserve announced it was raising its key interest rate by a quarter-point, a signal that they believe the U.S. economy is back on track. For close to a decade, rates have been kept at an historic low, just above zero. Today we’ll look at what low interest rates have meant for the U.S. economy and how raising rates will effect businesses and consumers. Marty talks with ALAN BLINDER, professor of economics and public affairs at Princeton University and former Vice Chairman of the Board of Governors of the Federal Reserve System, and BINYAMIN APPELBAUM, Washington correspondent for The New York Times.
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