The New Paper

January 28, 2021

Fed commits to maintaining interest rates near zero

The Federal Reserve committed to maintaining its benchmark interest rate near zero (at 0-0.25%) until economic conditions fully recover from the coronavirus-driven downturn. Specifically, the Fed expects to hold interest rates near zero until the economy reaches “maximum employment” and inflation rises to 2%. The decision is largely consistent with prior announcements.
This story is from the January 28, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.