(Bloomberg) -- The Federal Reserve finally raised its main interest rate, after years of keeping it near zero to help pull the U.S. out of a severe recession. What does that mean for Americans' everyday lives? Michelle Meyer, deputy head of U.S. economics at Bank of America, joins the hosts to break down why this week's event was so significant for the economy, and how consumers, businesses and the government could all be affected by the central bank's move.

<p>(Bloomberg) -- The Federal Reserve finally raised its main interest rate, after years of keeping it near zero to help pull the U.S. out of a severe recession. What does that mean for Americans' everyday lives? Michelle Meyer, deputy head of U.S. economics at Bank of America, joins the hosts to break down why this week's event was so significant for the economy, and how consumers, businesses and the government could all be affected by the central bank's move.</p>

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

<p>Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.</p>

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

Episode 16: The Fed Finally Raised Interest Rates. Now What?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/480c44dd-3ad4-4c12-b029-ae2b002a21bc/transcript