PBS NewsHour

Markets drop as Fed signals it's not done raising rates yet

Clip: 12/19/2018 | 6m 35s

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.

Aired: 12/19/18

Rating: NR

Video has closed captioning.

The full episode is no longer available for online streaming. Why?

Please continue to enjoy extra(s) from this episode.

Problems Playing Video?

Major corporate funding for the PBS NewsHour is provided by BNSF, Consumer Cellular, Leidos, Babbel, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.