FIRST AIRED: December 14, 2016

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>> After talking about it all year but, kicking the can down the road at meeting after meeting the feds here tell Yellen on Wednesday, almost certain to hike the nation's key interest rate for only the second time since the end of the financial crisis. I'm
] in New York.
The Federal Reserve has embarked on an unprecedented experiment. Pushing interest rates near zero for eight years and throwing three and a half trillion dollars at the economy all in effort to push the economy out of the dull drums caused by the worst financial crisis as the great depression.
But now, the economy is growing at a slow yet steady pace. There are no problems emanating from international choice and so the fate can resume what they started a year ago. By pushing interest rates higher. The US government rates is at a nine-year low with an economy growing at a respectable 3% on the third quarter.
And now, many expect the economy is set to get even stronger if President-elect Donald Trump follows through on his plans including a $3 trillion infrastructure proposal and a reduction in taxes for the Corporations. Investors already bailing out of the low-return bond market in favor of the stock market, in anticipation of better corporate profits.
But now, the Fed might have a new problem. Before it was worried about how gradually it might have to raise interest rates. But now, if the US economy is going to pick up and risk overheating, and the fed might have to re-think how aggressive is going to be with raising interest rates into 2017.