Monetary Policy and the Economy
Following the March 2018 Board of Governors meeting, Federal Reserve Chair Jerome Powell held his first news conference since his confirmati… read more
Following the March 2018 Board of Governors meeting, Federal Reserve Chair Jerome Powell held his first news conference since his confirmation to the position. Mr. Powell announced an interest rate hike of 0.25 percent, which would bring the federal funds rate to a range of 1.5 to 1.75 percent. He said that the rate hikes were consistent with the central bank’s strategy of gradual interest rate increases over the past two years and would serve their goal of a two percent inflation rate. close
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Federal Reserve Chair Announces Rate Hike
In his first news conference as Federal Reserve chair, Jerome Powell announced an interest rate hike of 0.25 percent, br…
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