The New Paper

April 29, 2021

Fed maintains interest rates

The Federal Reserve committed to maintaining its benchmark interest rate near zero (at 0-0.25%) until labor market conditions fully recover and inflation reaches (and will “moderately exceed”) 2%. The Fed also noted that economic activity and employment have strengthened in recent months amid progress on vaccinations and “strong policy support.” Here’s the full statement from the FOMC.
This story is from the April 29, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.