What An Interest Rate Hike From The Fed Could Mean For The Economy (Diane Rehm Show)

The last time the Federal Reserve raised interest rates it was two 2006 — before the housing bubble burst, before the collapse of Lehman Brothers, and before 10% unemployment. Since the start of the Great Recession, in 2008, the Fed has kept rates near zero. But now observers say that is about to change. At their meeting tomorrow, they are expected to announce a quarter percent increase. For some economists, this is long overdue. For others, the data is not there to support a hike. Diane and her guests discuss what higher rates could mean for the economy, small businesses and consumers.
Interview:
https://thedianerehmshow.org/shows/2015-12-15/what-an-interest-rate-hike-from-the-fed-could-mean-for-the-economy