In US, ten voting members of the Federal Reserve Board have the power to influence the global economy. The Fed will vote this month on whether to raise interest rates. The Fed rate is an interest rate that is used solely among American banks. But a rate increase could also mean a stronger dollar. It could make it harder for emerging markets to repay loans. After last week's market plunge in China, where billions of dollars were lost, action from the Federal Reserve could lead to another global financial crisis.
News On AIR | September 2, 2015 9:01 AM
Federal Reserve Board in US to vote this month on whether to raise interest rates
