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Federal Reserve to Hike Interest Rates for First Time Since Crisis

HeadlineDec 17, 2015

Meanwhile, the Federal Reserve says it’s lifting interest rates for the first time since the 2007-2008 financial crisis. Federal Reserve Chair Janet Yellen said the interest rate hike reflects the economic recovery has “clearly come a long way.” In response, Democratic presidential candidate Bernie Sanders wrote: “At a time when real unemployment is nearly 10 percent and youth unemployment is off the charts, we need to do everything possible to create millions of good-paying jobs and raise the wages of the American people. The Fed should act with the same sense of urgency to rebuild the disappearing middle class as it did to bail out Wall Street banks seven years ago.”

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