Federal Reserve Hikes Interest Rates For 2nd Time This Year

The Federal Reserve on Wednesday announced plans to raise short-term interest rates, the fourth rate hike in two years. It also laid out plans to draw down its balance of $4.5 trillion in bonds.

Here & Now's Meghna Chakrabarti speaks with Diane Swonk (@DianeSwonk) of DS Economics about the significance of the moves.