• Fed signals near-zero rates will last through 2023 to lift economy from coronavirus recession

    10 days ago - By Business Insider

    Getty Images / Tasos Katopodis
    A majority of Federal Reserve officials see interest rates staying near zero through 2023 as part of a long-term accommodative policy strategy. New economic projections published Wednesday show 16 out of 17 Fed policymakers seeing rates staying at historic lows through 2022. Thirteen officials expect rates to sit near zero through 2023. The central bank voted on Wednesday to hold interest rates at their current lows and continue asset purchases at least at the current pace. The Fed set new guidance on when it may raise rates, saying it "expects to maintain an...
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