Fed Pledges Low Rates for Years, and Until Inflation Picks Up – Reports

The Fed’s Economic Projections Show Rates at Rock Bottom for Years

WASHINGTON — Federal Reserve officials expect to leave interest rates near zero for years — through at least 2023 — as they try to coax the economy back to full strength in the wake of the pandemic-induced recession, based on their September policy statement and economic projections released Wednesday.

The announcement, which also reinforced the central bank’s August pledge to tolerate slightly higher price gains to offset periods of weak inflation, underscores that Chair Jerome H….

Read Full Article

READ  Tourism and Heritage Magazine | In the footsteps of Mozart in Strasbourg
Almost all The British Journal staff, including reporters, can be contacted by e-mail. In most cases the e-mail address follows this formula: first initial + last name + @thebritishjournal.com. For example, Laura F. Nixon is [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.