Federal Reserve: Brace for higher interest rates

Mary Bruno

Mary Bruno Jul 7, 2025

Feb 6, 2018

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                <h1>Federal Reserve: Brace for higher interest rates</h1>
                <h2><p>The Federal Reserve opened the door for a bump in interest rates, reports the Washington Post,  the first increase since the 2008 financial crisis. In an effort to quell fears, Fed Chair Janet Yellen insisted that the Fed would not move on rates until later this year. “Just because we</p></h2>
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               <p>By <a href="/author/mary-bruno-crosscut-com/">Mary Bruno</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Feb 6, 2018</time></p>
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            <figure class="kg-card kg-embed-card"><iframe allowfullscreen="allowfullscreen" frameborder="0" height="290" scrolling="no" src="http://www.washingtonpost.com/posttv/c/embed/2f8219ea-cda5-11e4-8730-4f473416e759" width="480"></iframe></figure><p>The Federal Reserve opened the door for a bump in interest rates, <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/18/fed-signals-that-higher-interest-rates-are-coming/?hpid=z3&ref=dev.cascadepbs.org">reports the Washington Post</a>,  the first increase since the 2008 financial crisis. In an effort to quell fears, Fed Chair Janet Yellen insisted that the Fed would not move on rates until later this year. “Just because we removed the word ‘patient’ from the statement does not mean we are going to be impatient,” Yellen said at Wednesday’s news conference.</p>
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The Federal Reserve opened the door for a bump in interest rates, reports the Washington Post, the first increase since the 2008 financial crisis. In an effort to quell fears, Fed Chair Janet Yellen insisted that the Fed would not move on rates until later this year. “Just because we removed the word ‘patient’ from the statement does not mean we are going to be impatient,” Yellen said at Wednesday’s news conference.

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By Mary Bruno

Mary was Crosscut's Editor-in-Chief and Interim Publisher. In more than 25 years as a journalist, she has worked as a writer, editor and editorial director for a variety of print and web publications,