Fed hikes rates for the first time in three years

Gramercy Funds Management chair Mohamed El-Erian breaks down Federal Reserve Chairman Kevin Warsh's decision to clash with President Donald Trump and hike rates for the first time in three years on 'America Reports.'

Gramercy Funds Management Chairman Mohamed El-Erian breaks down Federal Reserve Chairman Kevin Warsh's decision to raise interest rates for the first time in three years despite President Donald Trump's opposition, examining the potential impact on inflation, financial markets, economic growth and what the move could mean for consumers and investors on 'America Reports.'