The Federal Reserve Plans to Raise Interest Rates… Maybe

Federal Reserve Chair Janet Yellen said Wednesday it’s a “live possibility” the Fed will raise interest rates for the first time since the 2008 financial crisis. While Yellen said “no decision has been made,” she made it clear the option is on the table during a House Financial Services Committee hearing Wednesday, reported Fox Business. The Federal Open Market Committee is scheduled to meet Dec. 15-16 to discuss whether the economy is stable enough to handle higher interest rates. The Read more […]