Fed hikes interest rates for first time in three years

FOX Business correspondent Connor Hansen and White House deputy press secretary Kush Desai discuss the Federal Reserve's first interest rate hike in three years and the White House's response on 'The Story.'

The Federal Reserve raised interest rates for the first time in three years, marking a major shift in monetary policy. FOX Business correspondent Connor Hansen and White House deputy press secretary Kush Desai discuss the rate hike, inflation, the energy supply shock and the White House's reaction on ‘The Story.’