Dean Sylvia Maxfield Discusses Hiked Interest Rates with ABC6

Posted by: | Posted on: December 17, 2015 |Comments (0)|PCSB News
sylvia maxfield

Dr. Sylvia Maxfield

The Federal Reserve has announced that for the first time in nearly a decade, America is seeing a rising interest rate.  Since the financial crisis in 2008 the central bank has made efforts to keep the rate close to zero, but it is now increasing a quarter of a percentage point.

PCSB Dean Sylvia Maxfield recently discussed the new interest rate with ABC6 News correspondent Bianca Buono. “It’s a positive sign. It means that the Federal Reserve and Janet Yellen think that the economy is strong enough to handle, again, what is going to be a very very modest rate increase,” said Dean Maxfield.

Read the full news story here.

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Posted by: |Comments (0)|PCSB News