Economics
Fed Sees Rates Near Zero Through 2023 to Boost Jobs, Prices
- Fed on hold until inflation at 2%, set for moderate overshoot
- Fed: 13 of 17 officials forecast rates on hold through 2023
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Federal Reserve officials held interest rates near zero and signaled they would stay there for at least three years, vowing to delay tightening until the U.S. gets back to maximum employment and 2% inflation.
The U.S. central bank “expects to maintain an accommodative stance” until those outcomes are achieved, it said in a statement Wednesday following a two-day meeting that beefed up its description of future policy.