The Fed and Interest Rates


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      Janet Yellen arriving for her announcement on Wednesday.
      CreditSusan Walsh/Associated Press

      Monetary Policy

      Janet Yellen’s New Hat: Risk Manager

      By tightening the money supply now, the Fed hopes it can move more gradually and avoid disruptions.


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      Why the Fed Raised Interest Rates

      Officials said the economy was strong enough to keep growing with a little less help from the central bank. They said rates would rise slowly, but borrowing costs already have started to climb.

      By Karl Russell and