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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