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NJ Spotlight News

'We won’t see costs coming down until the economy slows'

Clip: 06/16/2022 | 4m 19s

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The Federal Reserve Wednesday raised interest rates for the third time this year - but yesterday’s increase was significant - three-quarters of a percentage point. It’s an attempt to right-size a growing economy that’s become unaffordable for so many. Rutgers University Professor Jim Hughes, Dean Emeritus of the Bloustein School of Planning and Public Policy gives insight.

Aired: 06/16/22 | Rating: NR

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