Fed Hold Rates Near Zero as Economy Makes Progress
- 01 mins 16 secs
The Fed is holding rates steady near zero and maintaining its asset purchase program, promising to provide advance notice before making any changes. Chair Jay Powell applauded strengthening employment & economic activity, but he didn't give a number to target for maximum employment or offer specifics about tapering timing or what exactly constitutes "substantial further progress."
For further information about Asset TV please contact:
570 Lexington Avenue, 20th floor New York, NY 10022 Office: +1 212 661 4111 [email protected]