Markets drop as Fed signals it's not done raising interest rates yet
3,253 views · Published 20 December 2018 · 6:36 · Indexed 21 September 2026
Channel: PBS NewsHour · 2018 · News & Politics
In a sign of confidence in economic growth, the Federal Reserve raised its benchmark interest rate by a quarter point, to its highest level in a decade. Fed chairman Jerome Powell said politics played "no role whatsoever" in the bank's decision. But a forecast of further increases next year prompted stocks to dive. Judy Woodruff talks to David Wessel of the Brookings Institution for analysis. Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS NewsHour at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: Facebook: http://www.pbs.org/newshour Twitter: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Snapchat: @pbsnews Subscribe: PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts Newsletters: https://www.pbs.org/newshour/subscribe
More from this channel
-
6:18
Americans Speak Out on New Afghanistan Strategy | PBS NewsHour
-
12:28
Afghan War Timeline Remains Point of Contention for Many | PBS NewsHour
-
9:59
Mullen on Afghanistan: 'We Have Not Set a Withdrawal Date'
-
8:58
Afghan Timetable, Troop Levels Spark Skepticism in Congress | PBS NewsHour
-
7:31
Climate Pact Elusive in Copenhagen as Stakes Rise | PBS NewsHour
-
9:24
Obama Prods Bankers to Revive Lending for Economic Growth | PBS NewsHour
-
8:44
Small Businesses Buckling Under Recession's Credit Freeze | PBS NewsHour
-
6:07
Bailout Banks Continue March Toward Recovery | PBS NewsHour