Watch CBS News

Federal Reserve hikes interest rate 0.25 point despite banking turmoil

Name: Federal Reserve hikes interest rate 0.25 point despite banking turmoil
Uploaded: 2023-03-22T19:58:08-0400
Duration: 5 min 30 s
Description: The Federal Reserve is raising its key interest rate 0.25 percentage point. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined John Dickerson on Prime Time to discuss the Fed's decision.

The Federal Reserve is raising its key interest rate 0.25 percentage point. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined John Dickerson on Prime Time to discuss the Fed's decision.