► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />For the first time in a decade, the US Federal Reserve is considering whether to raise its record-low interest rates. Even before the most powerful central bank in the world makes a move, Ferdinando Giugliano outlines the likely effects for the global economy.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes