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Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K

Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time."

By Muyao Shen, Bradley Keoun

Updated Sep 14, 2021, 9:56 a.m. Published Sep 16, 2020, 6:19 p.m.

Federal Reserve Chair Jerome Powell speaking at virtual press conference on Wednesday. (Federal Reserve, modified by CoinDesk)