Financial traders respond to Fed's first rate hike since 2006
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Ex-White House adviser: Economists were 'itching' for rate hike

The decision by the US Federal Reserve to raise interest rates for the first time since 2006 has left the former Chairman of the Council of Economic Advisers a bit "anxious".

Austan Goolsbee tells the BBC's Katty Kay that despite a lack of full employment and amid uncertain signs on inflation, economists had been "itching" to see rates back on the rise.

Following a two-day policy meeting, Fed officials decided on Wednesday to move the range of rates banks offer to lend to each other overnight - the Federal Funds rate - to between 0.25% and 0.5%.

  • 16 Dec 2015
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