Federal Reserve | KERA News

Federal Reserve

The Federal Reserve on Wednesday announced liftoff for short-term interest rates — a launch that may send many borrowing costs higher in 2016.

The 0.25-percentage-point increase — to a range of 0.25 percent to 0.5 percent — in the federal funds rate was small but important because it signals the beginning of the end of easy money; the Fed wants to get back to normal after years of fighting economic stagnation with supercheap loans.

Federal Reserve Bank of Dallas

One hundred years ago, Dallas was selected to be one of 12 locations to host a Federal Reserve Bank. It not only beat out other Texas cities, but also New Orleans, which at the time had a population three times larger. So how did "Little D" get a Reserve Bank? Texas bravado, in part.

Bill Zeeble / KERA News

Dallas hosted a seminar on the Federal Reserve and monetary policy. Now, those words usually don’t exactly get the blood racing, but headliner and former Fed chief Ben Bernanke teamed with his host, George W. Bush, for an unusually candid – and even entertaining – series of chats.