Markets drop as Fed signals it's not done raising rates yet
Clip: 12/19/2018 | 6m 35sVideo has Closed Captions
Markets drop as Fed signals it's not done raising interest rates yet
In a sign of confidence in economic growth, the Federal Reserve raised its benchmark interest rate by a quarter point, to its highest level in a decade. Fed chairman Jerome Powell said politics played "no role whatsoever" in the bank's decision. But a forecast of further increases next year prompted stocks to dive. Judy Woodruff talks to David Wessel of the Brookings Institution for analysis.
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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...
Markets drop as Fed signals it's not done raising rates yet
Clip: 12/19/2018 | 6m 35sVideo has Closed Captions
In a sign of confidence in economic growth, the Federal Reserve raised its benchmark interest rate by a quarter point, to its highest level in a decade. Fed chairman Jerome Powell said politics played "no role whatsoever" in the bank's decision. But a forecast of further increases next year prompted stocks to dive. Judy Woodruff talks to David Wessel of the Brookings Institution for analysis.
Problems playing video? | Closed Captioning Feedback
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