Fed expects to keep its key rate near zero through 2023
Poll
Too strict
FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Fed survey released Wednesday, March 3, 2021, said that reports on consumer spending and auto sales were mixed last month, while overall manufacturing showed moderate gains despite supply-side constraints. The report, known as the beige book, is based on surveys conducted by the Fed’s 12 regional banks. (AP Photo/Susan Walsh, Pool, File)
WASHINGTON – The Federal Reserve foresees the economy accelerating quickly this year but still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potential higher inflation.
Fed expects to keep its key rate near zero through 2023
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Fed expects to keep its key rate near zero through 2023
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