Economy

Fed Keeps Interest Rates Steady, Maintains Its ‘Patient’ Policy Stance

Fed Keeps Interest Rates Steady, Maintains Its ‘Patient’ Policy Stance
Federal Reserve Board chairman Jerome Powell speaks during a news conference in Washington, on May 1, 2019. Mark Wilson/Getty Images
Emel Akan
Emel Akan
Reporter
|Updated:

WASHINGTON—The Federal Reserve announced that it had left its benchmark federal-funds rate unchanged, after its two-day policy meeting concluded May 1. The central bank signaled more patience ahead.

Fed policymakers gathered on April 30 and May 1 to assess the economic and financial conditions, and decide on monetary policy. As widely predicted, the central bank kept its interest rate target at a range between 2.25 percent and 2.5 percent.

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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