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PBS News Hour

Markets drop as Fed signals it's not done raising rates yet

Season 2018 Episode 473 | 6m 35s

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.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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