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December 17, 2015

Federal Reserve to Hike Interest Rates for First Time Since Crisis 
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Meanwhile, the Federal Reserve says it's lifting interest rates for the
first time since the 2007-2008 financial crisis. Federal Reserve Chair
Janet Yellen said the interest rate hike reflects the economic recovery
has "clearly come a long way." In response, Democratic presidential
candidate Bernie Sanders wrote: "At a time when real unemployment is
nearly 10 percent and youth unemployment is off the charts, we need to
do everything possible to create millions of good-paying jobs and raise
the wages of the American people. The Fed should act with the same sense
of urgency to rebuild the disappearing middle class as it did to bail
out Wall Street banks seven years ago."

 

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