Talman Joseph Smith: It seems inevitable that the Fed will eventually have to ease from their current rate position. He says there were clearly some excesses that did come from having a near zero rate. Smith: I don't think there's a big coalition for going back to 0% or near 0%.
The Federal Reserve has once again raised interest rates, which means borrowing money for your mortgage or your business is once again more expensive. New York Times economics reporter Talmon Joseph Smith explains why this might keep happening.
This episode was produced by Miles Bryan and Amanda Lewellyn, edited by Matt Collette, fact-checked by Serena Solin, engineered by Michael Raphael and Paul Robert Mounsey, and hosted by Noel King.
Transcript at vox.com/todayexplained
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