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Fed’s Open Market Committee Holds Key Rate Steady

June 12, 2020 by Rilian Ball

The Federal Reserve’s monetary policy committee decided against changing the Fed’s benchmark interest rate range of 0.00 to 0.25 percent. The Federal Open Market Committee said in its post-meeting statement that it is not considering raising rates until 2023. Two of 17 FOMC members felt that the Fed’s key rate may rise in 2022. Fed Approves Quantitative Easing Measures Committee members also stabilized the Federal Reserve’s ongoing purchases of Treasury bills and … [Read more...]

Filed Under: Financial Reports Tagged With: COVID19, Feds, Stimulus

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