Wall Street, the banks, business and organized labor are all waiting to see if Janet Yellen and the Federal Reserve will raise interest rates tomorrow. They're only talking about a quarter of one percent — but that's a lot when rates are close to zero, as they've been for the past nine years. Those who want to see an increase are worried about inflation. Those who want to keep things as they are say a hike would be bad for employment. We hear what's at stake for the prices you pay and the security of your job — not to mention business investment and profit.
The Federal Reserve, the Economy and You
More
- Federal Reserve's Open Market Committee
- Warmbrodt on liberals turning up the heat on the Fed
- Public Policy Polling poll on lack of support for interest rate increase
- Moody’s Analytics on end of economic slowdown, time for Fed to raise interest rates
- Zandi's 'Financial Shock: Global Panic and Government Bailouts -- How We Got Here and What Must Be Done to Fix It'
- Center for Economic and Policy Research on racial inequality and the Federal Reserve
Credits
Guests:
- Zachary Warmbrodt - Politico - @Zachary
- Ady Barkan - activist and subject of “Not Going Quietly” - @AdyBarkan
- Mark Zandi - Moody's Analytics - @dismalscientist
- Dean Baker - senior economist at the Center for Economic and Policy Research - @DeanBaker13