Federal Reserve holds interest rates steady in face of persistent inflation
Posted
Max Rego and The Hill (via KSN-TV)
Federal Reserve officials held interest rates steady Wednesday despite stubborn inflation. The central bank's Federal Open Market Committee (FOMC) voted 10-2 to keep the benchmark federal funds rate range at 3.75 percent to 4 percent. "The committee believes that the accumulation of more information will help it determine the policy stance appropriate to ensure a [...]
