To the Point Fed Announces First Interest Rate Hike in Almost 10 Years Hosted by Warren Olney Dec. 16, 2015 National Listen 6 min MORE For the first time in nearly a decade, the Federal Reserve raised the so-called benchmark interest rate today. It's gone up one quarter of one percent. Michelle Jamrisko reports on the economy for Bloomberg News. Keep KCRW Independent. KCRW is here to provide you with local news, music discovery, and cultural connection. Stay up to date with all things KCRW by signing up for our newsletters! And, if you can support our efforts, make a donation today. Sign-up for our newsletters. Make a donation. Credits Guest: Michelle Jamrisko - Bloomberg News - @mljamrisko Host: Warren Olney Producers: Sarah Sweeney, Katie Cooper, Gideon Brower