The Federal Reserve raised the prime interest rate four times last year and has talked of more rate hikes this year. That drew criticism from President Trump, who blamed the Fed for the big drop in the stock market.
South Dakota Bankers Association President Curt Everson says banks take a long range view of interest rates…

Everson says the Fed tries to work in a non-political way..

Everson says the Fed has a big role in the economy….

Everson says while the cost of borrowing may go up, it means returns to investors will also increase.