How the Fed's next interest rate decision could impact you

The Federal Reserve will announce its first interest rate decision under new chairman Kevin Warsh as inflation continues to rise. Kelly O'Grady explains how this specific outcome could impact individuals. The process involves determining whether high or low interest rates are preferable for the current economic climate. This decision marks a significant transition in leadership for the Fed while the institution attempts to manage ongoing inflationary pressures affecting the broader financial landscape and consumer stability.