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At the end of the meeting, the Fed could announce that it's raising interest rates for the first time in nine years.  

What will the Federal Reserve do?

That decision is getting an unusual amount of attention from politicians. Many progressives, in particular, are pressuring the Fed to wait for a better economic climate to emerge before raising interest rates.  

MPR News host Cathy Wurzer spoke with Minnesota DFL Rep. Keith Ellison, who's asking the Fed to wait. Ellison sits on the House Financial Services Committee.

At the end of a Fed meeting this week, the agency could announce that it's raising interest rates for the first time in nine years.

The Federal Reserve's Open Markets Committee begins its two day meeting today.  At the end of the meeting, the Fed could announce that it's raising interest rates for the first time in nine years.  That decision is getting an unusual amount of attention from politicians.   Many progressives in particular are pressuring the Fed to wait for a better economic climate to emerge before raising interest rates.  MPR's Cathy Wurzer spoke with Minnesota DFL Rep. Keith Ellison, who's asking the Fed to wait.  He also sits on the House Financial Services Committee.

Rep. Ellison asks Fed to wait on raising interest rate

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