As I respected the late Federal Reserve Chairman Paul Volcker and his actions to save our economy and country in the 1980s, perhaps it is time we discuss another way to go about fixing these problems.
Whenever the Federal Reserve announces interest rate hikes, a lot of working people wonder what it means for them. If you’re buying a home or have an adjustable rate mortgage already, then you can expect the interest offer you get from the bank to be higher.
David Kestenbaum is a correspondent for NPR, covering science, energy issues and, most recently, the global economy for NPR's multimedia project Planet Money. David has been a science correspondent for NPR since 1999. He came to journalism the usual way by getting a Ph.D. in physics first.