Federal Reserve raises rates, over Trump protests, but signals it will slow rate hikes in 2019

Thursday, December 20, 2018 | Tag Cloud Tags: , , , , , , ,

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The Eccles Building in Washington, D.C., which serves as the Federal Reserve System's headquarters.

(Worthy News) - Federal Reserve officials voted Wednesday to raise the central bank’s interest rate target, the fourth such rate increase of the year, but also signaled that they will slow the pace of rate hikes in 2019.

The central bank also lowered initial estimates for economic growth in 2018, and tempered its outlook for U.S. economic growth in 2019.

"Over the past year the economy has been growing at a strong pace, the unemployment rate has been near record lows, and inflation has been low and stable," Federal Reserve chairman Jerome Powell said at a press conference. "All of those things remain true today." [ Source: Washington Times (Read More...) ]

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1 thought on “Federal Reserve raises rates, over Trump protests, but signals it will slow rate hikes in 2019”

  1. The FED is a private company that tries to appear like a legitimate part of the U.S. government. The FED is just like Microsoft, Monsanto, Facebook, Amazon, and many others. It's primary interests are to make its owners $$$$$$$$$$$$$$.

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