Federal Reserve Chair Jerome Powell will provide an update Wednesday on decisions reached by the nation’s central bank in meetings over the last two days.
The Fed had in recent months indicated it might roll back interest rates by this point. But no change in rates is expected at present since February’s inflation remained higher than hoped at 3.2 percent. The institution’s goal is 2 percent.
A decision to stay the course will likely disappoint progressives, who would like to see the effect a rate cut might bring for home lending and other economic goals.
Powell is slated to speak at 2:30 p.m. EDT
Watch the live video above.
The Fed had in recent months indicated it might roll back interest rates by this point. But no change in rates is expected at present since February’s inflation remained higher than hoped at 3.2 percent. The institution’s goal is 2 percent.
A decision to stay the course will likely disappoint progressives, who would like to see the effect a rate cut might bring for home lending and other economic goals.
Powell is slated to speak at 2:30 p.m. EDT
Watch the live video above.
