Everything You Need To Know About Tax Hike

The Federal Reserve voted Wednesday to raise interest rates and start scaling back on its support for the American economy; a move that helped save the nation from an all-out depression. The interest rate will move up from near zero by a quarter of one percent (.25%) to a range of 0.25 to 0.5 percent.

The move is small, but it amounts to a vote of confidence that the American economy is strong and gaining in strength.

ABC News correspondent Scott Goldberg can walk your listeners through what all of this means for those who may not be economics majors or finance workers.


Talk with us during the show:


Chat with us online: