CSPAN2 Federal Reserve Chair Janet Yellen Announces 14 Percent Rate Hike March 16, 2017
The Federal Reserve is raising its benchmark Interest Rate for the second time in three months. Janet yellen spoke to reporters about the Interest Rate and economy at this 50 minute briefing. Good afternoon. Today the committee decided to raise the target range for federal funds rate by one quarter percentage point bringing it to three quarters to 1 , the decision to make another gradual reduction in the amount of policy accommodation reflects the economiethe economys contis towards the employment and price stability objectives assigned to us by law. For some time that kennedy is charged of Ec...