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Federal Reserve raises key interest rate

Name: Federal Reserve raises key interest rate
Uploaded: 2017-03-15T14:53:06-0400
Duration: 4 min 23 s
Description: The Federal Reserve has raised its benchmark interest rate from 0.75 percent to 1 percent. Scott Gamm, correspondent for TheStreet TV, joins CBSN to discuss how this will affect the economy.

The Federal Reserve has raised its benchmark interest rate from 0.75 percent to 1 percent. Scott Gamm, correspondent for TheStreet TV, joins CBSN to discuss how this will affect the economy.