Federal Reserve

Federal Reserve Raised Interest Rate by 0.5% on May 4, 2022 Statement

FOMC decided to raise the target range for the federal funds rate to 3/4 to 1 percent.

Federal Reserve: Transcript of Chair Powell’s Press Conference, March 16, 2022

FOMC raised its policy interest rate by ¼ percentage point due to extremely tight labor market and high inflation.

Federal Reserve Chair Jerome Powell Press Conference Transcript June 16, 2021: Inflation outlook

The Federal Open Market Committee kept interest rates near zero and maintained our asset purchases despite rising inflation.