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PBS News Hour

What the Fed’s interest rate hike means for your wallet

The Federal Reserve is doing something it hasn't done since 2006: raising interest rates. The long-awaited announcement by Fed chair Janet Yellen hikes a key short-term rate from near zero. For a closer look at how the Fed made its decision, Gwen Ifill talks with David Wessel of the Brookings Institution and Tara Siegel Bernard of The New York Times.
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