Watch CBS News

Federal Reserve announces interest rate hike

Name: Federal Reserve announces interest rate hike
Uploaded: 2016-12-14T18:39:00-0500
Duration: 1 min 15 s
Description: The Federal Reserve voted unanimously Wed. to raise interest rates one quarter of one percent. Fed Chair Janet Yellen cited falling unemployment as one reason for the move. Anthony Mason reports on how the raise may impact consumers.

The Federal Reserve voted unanimously Wed. to raise interest rates one quarter of one percent. Fed Chair Janet Yellen cited falling unemployment as one reason for the move. Anthony Mason reports on how the raise may impact consumers.