Why the Fed decided to raise interest rates yesterday

<p>The Federal Reserve, after much hand-wringing amongst market watchers, ended up raising interest rates by 0.25% yesterday, signaling the central bank&#8217;s emphasis on fighting inflation despite recent instability in the financial sector. We look into what went into Chair Jerome Powell&#8217;s calculus on the rate decision. Meanwhile, Treasury Secretary Janet Yellen sought to assuage monetary hawks yesterday, saying that the government would not implement a blanket policy of fully insuring bank deposits. And, China&#8217;s population is changing as many workers age, but some say the demographic shift isn&#8217;t as big of a deal as it&#8217;s made out to be.</p>