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Fed Is Again Contemplating Higher Interest Rates05:46
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U.S. Federal Reserve Board Chairwoman Janet Yellen delivers remarks December 2, 2015 in Washington, D.C. Yellen spoke and participated in a discussion at the Economic Club of Washington. (Win McNamee/Getty Images)
U.S. Federal Reserve Board Chairwoman Janet Yellen delivers remarks December 2, 2015 in Washington, D.C. Yellen spoke and participated in a discussion at the Economic Club of Washington. (Win McNamee/Getty Images)
This article is more than 4 years old.

This could be the week that the Federal Reserve Board raises interest rates for the first time since last December. Or, it might not.

Fed officials are divided between those who think the economy is strong and needs higher rates to fight inflation and discourage excess speculation, and those who worry that an increase could derail a weak economic recovery that has taken years to achieve.

Here & Now's Jeremy Hobson hears more from CBS News business analyst Jill Schlesinger.

Guest

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

This segment aired on September 19, 2016.

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