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Federal Reserve raises interest rates as US economy strengthens

The US Federal Reserve has raised interest rates for only the third time in a decade, citing strengthening economic conditions. But how high will rates go? Randall Kroszner, Professor of Economics at the University of Chicago’s Booth School of Business, tells us about the new era of low interest rates, and how Donald Trump could affect the Fed’s next move. Plus, French carmaker Renault is in hot water again as it faces fresh allegations of cheating on emissions tests.

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