CNN The Lead With Jake Tapper March 16, 2022 20:41:00
In our "money lead" if you took out a loan to buy a house or a car, good timing. the federal reserve just announced its first interest rate hike in four years since slashing rates since the pan dej began. there may be good news. this quarter percent of the rate hike is one of the best tools to combat ballooning inflation, which is strapping americans at the gas pumps and at grocery stores. cnn's matt eagan joins me now. the question people are asking is why didn't the federal reserve do this at the first signs of inflation going up? >> dana, it's a great question and one that the people at the...