Economics
Fed Upgrades View of Economy While Keeping Rates Near Zero
- Policy makers signal risks from pandemic have diminished
- Inflation’s pickup attributed to ‘transitory factors’
This article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here
Federal Reserve Chair Jerome Powell and his colleagues upgraded their assessment of the U.S. economy but said they were not yet ready to consider scaling back pandemic support.