Takeouts: Federal Reserve raises interest rate, men’s Olympic figure skating, Tiger Woods’ press conference

MONEY: Yesterday, the Federal Reserve raised the interest rate it charges on short-term emergency loans to banks, a sign that the Fed is exiting from measures they put in place during the financial crisis. New York Times finance reporter Louise Story fills us in on how this rate hike will affect regular Americans.

SPORTS: Takeaway sports contributor Ibrahim Abdul-Matin tells us about the highly anticipated Tiger Woods press conference. Woods may not have the answers we’re looking for.

OLYMPICS: New York Times Olympics editor Jason Stallman joins us with the latest news from Vancouver, including a full report on men’s figure skating.