Why the Fed's historic rate hike is good news and bad news for the economy

Filed under: News |

By Jim Puzzanghera, Don Lee

In late 2008, with the unemployment rate soaring and a crippled financial system propped up by government bailouts, the Federal Reserve pushed its key short-term interest rate as close to zero as possible.Now, exactly seven years after that unprecedented decision, central bank policymakers unanimously…

Source:: LA Times Jobs


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