Federal Reserve Chair News Conference
The Federal Reserve announced it would hold steady the interest rate, but future hikes are not off the table and will be dependent on incomi… read more
The Federal Reserve announced it would hold steady the interest rate, but future hikes are not off the table and will be dependent on incoming economic data. Federal Reserve Chair Jerome Powell spoke about the decision against a rate increase during a news conference in Washington, D.C. The Federal Open Market Committee, a branch of the Federal Reserve tasked with setting monetary policy, was to meet November 1 to decide whether or not to implement a rate hike to address high inflation. close
Resources
- Federal Reserve Board Statement
Federal Reserve Board
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