Skip to main content
Back to Show
PBS News Hour

What the Fed’s interest rate hike means for your wallet

The Federal Reserve is doing something it hasn't done since 2006: raising interest rates. The long-awaited announcement by Fed chair Janet Yellen hikes a key short-term rate from near zero. For a closer look at how the Fed made its decision, Gwen Ifill talks with David Wessel of the Brookings Institution and Tara Siegel Bernard of The New York Times.

California News
Lineage, Not Race: California’s Strategy to Advance Equity for Descendants of Slavery
Lineage, Not Race: California’s Strategy to Advance Equity for Descendants of Slavery
California lawmakers are advancing a new strategy: reparations not based on race, but on lineage.
californianews
Read more
Who can afford to become a teacher in California?
Who can afford to become a teacher in California?
The state offers multiple pathways toward completing its requirements, but many students who enter the teaching profession still risk getting into debt, even before accounting for cost of living.
californianews
Read more
California's Much-Touted IVF Law May Be Delayed Until 2026, Leaving Many in the Lurch - KFF Health News
California's Much-Touted IVF Law May Be Delayed Until 2026, Leaving Many in the Lurch - KFF Health News
California lawmakers are poised to approve a six-month delay in implementing the state’s in vitro fertilization law, pushing its start to January 2026. The plan to postpone, which has drawn little attention, is part of the state budget package and has left patients, insurers, and employers in limbo.
Read more
Controversial climate rule, which could raise gas prices, about to go into effect
Controversial climate rule, which could raise gas prices, about to go into effect
No immediate hike in California gas prices will occur but Democrats and Republicans in the Legislature fear the effects of the clean-fuel program.
californianews
Read more