Federal Reserve holds interest rates steady in face of persistent inflation
- Federal Reserve officials held interest rates steady on 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.
- Fed Governor Lisa Cook and Beth Hammack, the president of the Federal Reserve Bank of Cleveland, dissented in favor...
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- Federal Reserve officials held interest rates steady on 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.
- Fed Governor Lisa Cook and Beth Hammack, the president of the Federal Reserve Bank of Cleveland, dissented in favor...
Sources: The Hill