For 15 months the Federal Reserve has been trying to catch up to rising inflation by slowing economic activity. The central bank announced Wednesday it will not increase interest rates for now, but warned that the pause may not last long. CBS News senior White House correspondent Weijia Jiang reports.
Source: CBS Minnesota
Federal Reserve pauses interest rate hikes for first time in 15 months
Published in Fifty Lakes
More from Fifty LakesMore posts in Fifty Lakes »
- U.K. to charge 5 people suspected of spying for Russia
- Bus crashes in New York's Orange County; Numerous people being treated
- Republicans divided over Zelenskyy's request for more Ukraine aid
- Weather data from Pearl Harbor warships recovered to study climate science
- 96-year-old judge suspended from hearing cases after concerns about fitness
Be First to Comment