The Federal Reserve is very likely to raise short-term interest rates by a quarter point Wednesday, signalling the central bank’s view that the economy is on track for strong growth.
It would be the third increase since December 2015, when rates were raised for the first time in nearly a decade. Rates had been kept near zero during and after the financial crisis in an effort to spur economic growth.
Here & Now‘s Meghna Chakrabarti speaks with Michael Regan (@Reganonymous) of Bloomberg News about the impact of today’s decision.
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