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Fed Holds Interest Rates Near Zero, Boosts Inflation Forecast

Fed Holds Interest Rates Near Zero, Boosts Inflation Forecast
The Federal Reserve Board Building on Constitution Avenue in Washington on March 27, 2019. Brendan McDermid/Reuters
Emel Akan
Emel Akan
Reporter
|Updated:

WASHINGTON—The Federal Reserve announced on June 16 that it would keep U.S. interest rates near zero as “risks to the economic outlook remain.”

The U.S. central bank made a significant revision to its short-term inflation forecast, reflecting large spikes in consumer and producer prices caused by supply-chain bottlenecks and strong household demand.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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