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Fed Lifts Interest Rate, Ending Four Years of Drops

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Fed Lifts Interest Rate, Ending Four Years of Drops

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Fed Lifts Interest Rate, Ending Four Years of Drops

Fed Lifts Interest Rate, Ending Four Years of Drops

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  • <iframe src="https://www.npr.org/player/embed/3057024/3057025" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Federal Reserve policymakers lift a key short-term interest rate by a quarter of a percentage point, to 1.25 percent. It's the first time in four years the Fed has raised its target for short-term interest rates. Members of the Fed's Open Market Committee issued a statement saying it believes future rate increases can be made "at a pace that is likely to be measured." NPR's Jim Zarroli reports.