Federal Reserve holds interest rates steady at 2.25%-2.50% as U.S. economy grows at solid rate
- 5 years ago
The U.S. Federal Reserve left its key interest rate unchanged despite renewed calls by President Donald Trump to cut interest rates... noting a recent decline in inflation while the U.S. economy grows at a solid rate.
Fed Chairman Jerome Powell announced Wednesday that the central bank will keep its benchmark rate in a range of two-and-a-quarter to two-and-a-half percent.
The Federal Open Market Committee explained that the labor market is strong, economic activities continue to rise at a solid rate,... while adding there was a slowdown in household spending and business investment in the first quarter.
The Fed has left its interest rate unchanged since March.
Fed Chairman Jerome Powell announced Wednesday that the central bank will keep its benchmark rate in a range of two-and-a-quarter to two-and-a-half percent.
The Federal Open Market Committee explained that the labor market is strong, economic activities continue to rise at a solid rate,... while adding there was a slowdown in household spending and business investment in the first quarter.
The Fed has left its interest rate unchanged since March.