A tale of two Feds: Why rates didn’t rise this week - News Summed Up

A tale of two Feds: Why rates didn’t rise this week


Federal Reserve Chair Janet Yellen speaks following the announcement that the Fed will leave rates unchanged. If all you did this week was read the statement, you might be very confused about what the Fed is up to. The statement notes that the Federal Open Market Committee voted, once again, to leave interest rates unchanged at just above zero. They show committee members still expect the inflation rate to end the year at 1.3 percent, well below their target of 2 percent. Committee members make their projections assuming monetary policymakers won't make any mistakes.


Source: Washington Post September 23, 2016 19:52 UTC



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