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Fed Chairman Jerome Powell Praises Economy After Vote to Raise Interest Rates
8 monthes ago - By Fortune
The Federal Reserve announced on Wednesday that it had opted to raise interest rates for the second time this year, as Chairman Jerome Powell praised the nation's economic health in a post-decision press conference.
The Federal Open Market Committee voted to increase the target range for the federal funds rate from 1.75% to 2%, the seventh hike since late 2015. The Fed also announced that it expects there to be two more rate hikes before the end of this year - one more hike than its March estimate.
Aside from rising economic activity, Powell and the FOMC touted the nation's declining...
Read more ...Solid Fed Consensus on Rate Path for Remainder of This Year
8 monthes ago - By Economy
Something will have to go terribly wrong for the Fed not to raise rates two more times.
Read more ...
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