Federal Reserve sees interest rate target near zero through 2022
Wednesday, June 10, 2020 | Tag Cloud Tags: coronavirus, Federal Reserve, News, virus, Washington, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – The Federal Reserve on Wednesday announced that it will keep its interest rate target near zero.
Officials projected not raising the rates through at least 2022. In fact, Fed Chairman Jerome Powell said on Wednesday that raising rates is not being discussed at his organization.
“We’re not thinking about raising rates. We’re not even thinking about thinking about raising rates,” he said.
The central bank last cut its interest rate target on March 15 to between 0% and 0.25% in an emergency response to the pandemic. Powell has said the target will not change until the nation has been able to contain the spread of the coronavirus. [ Source: Washington Examiner (Read More…) ]
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