Fed Hikes Key Rate For Second Time In 10 Years05:26
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The Federal Reserve raised short-term interest rates by a quarter percent Wednesday afternoon, marking just the second time rates have been increased since 2006.

Here & Now's Jeremy Hobson discusses the decision with Ann Owen, professor of economics at Hamilton College and former economist for the U.S. Federal Reserve's board of governors.

This segment aired on December 14, 2016.

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