Fed Holds Steady at March Meeting

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  • 01 mins 18 secs
As expected, the FOMC is leaving rates unchanged and keeping up its asset purchase program of $120 billion each month. When asked if the Fed is thinking about thinking about tapering, Chair Powell said the Fed will be looking for substantial further progress before tapering. During the press conference, Powell acknowledged growth, but cautioned that "the economy is a long way from our goals" and the recovery is “uneven and far from complete."

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