How the Fed's raising of interest rates will impact the economy, consumers

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WCCO-TV's Jonah Kaplan talks with the Federal Reserve Minneapolis about why the central bank is raising interest rates and how that will affect Americans' bank accounts.
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The Fed lost sight of its central goal of keeping inflation checked. As a result it has now clearly lost control of it, so it will struggle fighting inflation. Keep your eye on the ball they say.

marcosavellan
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Told you people nothing is free. All that money we gave you 2 years ago, we want it back, with interest, of course.--The Fed

boondockpaint
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Do you think the fed reserve might just be republican?

caroleekeith