With prices on the rise in the U.S. economy, the Federal Reserve is expected to announce on Wednesday an increase in interest rates, essentially pouring a cold glass of water on the economy.
Why would the central bank do that? The answer lies in the inflation crisis of the 1970s, when a failure to react quickly enough still looms large in the memory.
Guest ... Show More
Mar 2
Celebration and Mourning: Inside an Iran at War
The United States and Israel continued to strike Iran with missiles for a second day on Sunday, destroying more power centers of the Iranian regime and, according to rights groups, bringing the civilian death toll over 100. Iran responded with retaliatory attacks. At the same tim ... Show More
35m 28s
Mar 1
The U.S. and Israel Strike Iran
The United States and Israel on Saturday launched an attack against Iran, killing the nation’s supreme leader, Ayatollah Ali Khamenei, and, according to Iranian state media, several people in the country’s leadership structure. The New York Times journalists Mark Mazzetti and Dav ... Show More
34m 32s
<p>Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here’s what to watch out for.</p><p><br></p><p>Read more:</p><p><br></p><p>In December, inflation hit a staggering 7 percent. ... Show More
