What The Fed’s Rate Hike Means For Colorado

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Photo: Janet Yellen (AP)
Federal Reserve Chair Janet Yellen in Washington on Wednesday, Dec. 16.

To see how this week's historic rise in interest rates would affect Americans, The New York Times sent its Federal Reserve reporter to Denver. He went to a pizza shop in Aurora that opened three years ago and now has several dozen employees. It was an example of how strong the economy is getting and nervousness over the Fed's decision to raise rates for the first time in nearly a decade.

Reporter Binyamin Appelbaum spoke with Colorado Matters host Nathan Heffel about who will be most affected by the Fed's decision -- people and businesses that borrow money frequently. Those who stand to gain include long-term savers.