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Powell: US economy gaining, but recovery far from complete
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Powell: US economy gaining, but recovery far from complete
mynorthwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mynorthwest.com Daily Mail and Mail on Sunday newspapers.
Christopher Rugaber And Martin Crutsinger
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 FedâÄôs 12 regional banks. (AP Photo/Susan Walsh, Pool, File) March 17, 2021 - 2:15 PM
WASHINGTON - The Federal Reserve foresees the economy accelerating quickly this year yet still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation.
Fed expects to keep its key rate near zero through 2023 - Business News
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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.