What Would Be The Impact Of A June Interest Rate Hike?

03:43

May 23, 2016

Traders work on the floor of the New York Stock Exchange during the morning of December 14, 2015 in New York City. (Andrew Burton/Getty Images)

There are more signs today that the Federal Reserve may raise interest rates at its June meeting, after raising rates for the first time in nearly a decade late last year. Eric Rosengren, the president of the Federal Reserve Bank of Boston told the Financial Times that he was preparing to back tighter monetary policy after some recent positive economic indicators. Here & Now's Jeremy Hobson talks with Jill Schlesinger of CBS News about the implications of a June rate hike.

Guest

Jill Schlesinger, business analyst with CBS News and host of "Jill on Money.” She tweets @jillonmoney.

This segment aired on May 23, 2016.