US Raises Interest Rates Citing Strong Economy

The Federal Reserve raises interest rates, citing a strong US economy. We ask what the results will be for people, and if the economy is indeed strong enough to withstand the rise. It's a crunch day for Carlos Ghosn, who was chairman of Nissan and Renault, as Japan decides whether or not to further extend his detention for misreporting company earnings. And we speak about the International Monetary Fund's (IMF) prediction that India’s economy will be bigger than the UK’s in a few years – and what country perceptions have to do with that fact. We discuss all this with guest Alexander Kaufman from the Huffington Post in the US, and Madhavan Narayanan, a political and economic writer in India.

(Image: Coin Quarter Dollar. Credit: Maciej Luczniewski/ NurPhoto / Getty Images)