The Federal Reserve is expected to raise its short-term interest rate Wednesday for the first time in three years, in a bid to fight stubbornly high inflation. So, what does that mean for you? WWJ's Ryan Wrecker spoke with Professor Erik Gordon at the University of Michigan Ross School of Business.
(Photo: Federal Reserve Chair Kevin Warsh speaks to reporters on June 17, 2026 in Washington, DC. By Chip Somodevilla/Getty Images)
(Photo: Federal Reserve Chair Kevin Warsh speaks to reporters on June 17, 2026 in Washington, DC. By Chip Somodevilla/Getty Images)
