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Fed Still Cautious On Interest Rate Increase05:09

This article is more than 5 years old.

Federal Reserve officials today wrap up a two-day meeting with the announcement that it will strike the word "patient" from its statement about when interest rates will go up.

But the Fed also said it won't hike rates until it sees further improvement in the job market.

Here & Now's Jeremy Hobson spoke with economist Diane Swonk about the Fed's announcement and what it means for the economy.


This segment aired on March 18, 2015.

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