The Federal Reserve Left Its Benchmark Interest Rate Unchanged As Expected Last Week
#Inflation Threat Looms in 2020 as Fiscal and #Monetary Stimulus Ramp Up https://t.co/8eh7bOnc7W
— Money Metals Exchange LLC (@MoneyMetals) December 17, 2019
Inflation Threat Looms in 2020 as Fiscal and Monetary Stimulus Ramp Up
The Federal Reserve left its benchmark interest rate unchanged as expected last week. However, Fed Chairman Jerome Powell made news with some of his most dovish remarks to date – stating flatly that he won’t hike rates again until inflation moves up significantly.
“In order to move rates up, I would want to see inflation that’s persistent and that’s significant,” Powell said at a news conference following the Fed’s announcement.
