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.
The New Paper
This story is from the April 29, 2021 edition of The New Paper. To receive TNP daily subscribe below.
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