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Federal Reserve Keeps Rates Near Zero, Still Sees Inflation as ‘Transitory’

Even while pressure mounts to taper its asset purchases, the central bank will continue its accommodative quantitative easing.

Federal Reserve Chair Jerome Powell speaks Wednesday at a press conference following the conclusion of the central bank’s two-day monetary-policy meeting. (FederalReserve.gov screenshot)
Federal Reserve Chair Jerome Powell speaks Wednesday at a press conference following the conclusion of the central bank’s two-day monetary-policy meeting. (FederalReserve.gov screenshot)