Fed Keeps Rates, Says Inflation 'Largely Reflects Transitory Factors'
Fed Chairman Jerome Powell. Source: a video screenshot, Youtube, NBC News The US Federal Reserve (Fed) said it decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to