BizBeat Ep. 794: High rates persist – threat to U.S. economy

The U.S. Federal Reserve kept its benchmark interest rates at 5.25 percent to 5.50 percent on Wednesday, stirring concerns of a recession. In this episode of BizBeat, CGTN’s Hou Jing discusses how high interest rates, as warned by experts like Bill Gross and Jeffrey Gundlach, pose risks to the U.S. economy.