Federal Reserve Chairman Talks Labor Market Progress Ahead Of Interest Rate Hike

During a press conference Federal Reserve Chairman Jerome Powell spoke about strong labor markets and the economy. This comes as the Federal Reserve signaled it will hike interest rates soon. CNBC's Morgan Brennan explains how a future interest rate hike affects both consumer prices and things like consumer loans. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews

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Federal Reserve Chairman Talks Labor Market Progress Ahead Of Interest Rate Hike