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Powell: We want to see 'substantial progress' in the labor market
Video Credit: Bleacher Report AOL
Published on March 18, 2021 - Duration: 03:33s
Powell: We want to see 'substantial progress' in the labor market
The Federal Reserve left interest rates unchanged and said it doesn’t expect to raise interest rates this year.
Fed Chairman Jerome Powell said the central bank expects any increases in inflation over the summer months to be temporary — and not concerning for its monetary policy at the moment.
CNN’s Matt Egan reports.
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Federal Reserve
Central banking system of the US
Jerome Powell
American attorney and investment banker (born 1953)