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The Federal Reserve Will Not Raise Interest Rates

December 09, 2019 00:00 AM UTC
- Updated April 28, 2020 20:24 PM UTC

Fed Chair Jerome Powell made the announcement.

Transcript

Turning to today's meeting, my colleagues and I decided to leave our policy rate unchanged after lowering it a total of 3/4 of a percentage point at the previous three meetings. As always, we base our decisions on judgment of how best to achieve the goals Congress has given us-- maximum employment ...

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