Federal Reserve holds interest rates steady in face of persistent inflation
Source: The Hill
Summary
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…
